Maersk Secures Green Ship Fuel in Supply Deal With China's Longi [Financial Post (Toronto, Ontario, Canada)]
A.P MOLLER-MRS UNS/ADR (AMKBY)
NASDAQ:AMEX Investor Relations:
investor.maersk.com/investor-relations
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Shipping giant A.P. Moller-Maersk A/S struck a long-term supply deal for cleaner bio-methanol from a Chinese facility, the latest iteration in its search for low-emission marine fuel. The container carrier will receive bio-methanol made from residues — including fruit tree cuttings — at a production facility in Xu Chang, China, as part of a deal with Longi Green Energy Technology Co. Supply will start in 2026, with full production expected at the end of the decade. “Everyone who is involved in this energy transition in the shipping industry agrees that the crux is the access to fuel,” said Morten Bo Christiansen, head of energy transition at Maersk. “There are plenty of ships on the way that can burn alternative fuel.” The shipping industry is still largely powered by oil and pumps hundreds of millions of tons of greenhouse gas emissions into th
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