DANISH shipping giant Maersk revealed it had entered into a deal to buy 500,000 tonnes of green methanol a year, enough to fuel 12 large containerships, from China's Goldwind, reports Reuters.
Goldwind Science & Technology Co, commonly known as Goldwind, is a Chinese multinational wind turbine manufacturer headquartered in Beijing.
Shipping industry leader Maersk is investing in green fuels to power its fleet as it targets net-zero emissions by 2040, while the shipping industry, responsible for three per cent of global greenhouse gas emissions, aims for net-zero emissions by 2050.
"This deal is a milestone for Maersk as it enables us to significantly reduce our emissions footprint in this decade," said Rabab Raafat Boulos, Maersk's chief infrastructure officer.
The production of green methanol is expected to begin in 2026 and will annually power half of the 24 methanol-enabled vessels that Maersk currently has on order.
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