Commercial, Sourcing Renewables - March 11, 2022
Maersk, Proman Sign Agreement on Green Methanol Supply
Container logistics operator A.P. Moller -Maersk (Maersk) has a new cooperation agreement to identify and develop green methanol supply solutions for Maersk's new methanol-fuelled container vessels.
Maersk will partner with Proman, which will aim to supply Maersk with 100,000 – 150,000 tons per year of green methanol from its new 200,000 tons per year methanol facility in development in North America. The project will be built by Proman with target start of operations in 2025, producing bio-methanol from non-recyclable forestry residues and municipal solid waste.
The two companies will collaborate on developing global projects to produce and deliver green methanol for Maersk's vessels to optimize global supply at Maersk's key bunkering ports.
Proman is evaluating multiple bio-methanol and e-methanol projects in South America, Europe and the UK, which Maersk and Proman will explore as part of a longer-term green methanol supply strategy for Maersk and for the shipping industry.
"To transition towards decarbonisation, we need a significant and timely acceleration in the production of green fuels. Green methanol is the only market-ready and scalable available solution today for shipping. Production must be increased through collaboration across the ecosystem and around the world. That is why these partnerships mark an important milestone to get the transition to green energy underway," says Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk in a statement.