A.P. Moller-Maersk (MAERSKb.CO) said on Wednesday it had signed a contract securing green methanol as the world's largest shipping firm gears up to operate its first carbon-neutral ship in 2023.
Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt, July 7, 2021. REUTERS/Amr Abdallah Dalshsaid on Wednesday it had signed a contract securing green methanol as the world's largest shipping firm gears up to operate its first carbon-neutral ship in 2023.
Maersk said it had signed its first deal with Denmark's REintegrate to produce roughly 10,000 tonnes of carbon neutral e-methanol, which the vessel will need to operate each year. Future vessels fitted with engines that can run on green methanol will be 10-15% more expensive for the first years, while the cost of the fuel would cost more than twice as much as conventional bunker fuel, Christiansen said.
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