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Maersk parterning with 6 companies to source at least 730,000 tpy of green methanol by end of 2025

To boost the global production capacity of green methanol, A.P. Moller - Maersk (Maersk) is entering strategic partnerships with six leading companies with the intent of sourcing at least 730,000 tonnes/year by end of 2025. The six companies are CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel.

With this production capacity, by the end of 2025 at the latest, Maersk will reach well beyond the green methanol needed for its first 12 green container vessels currently on order.

To transition towards decarbonization, 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.

—Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller - Maersk

Once fully developed these projects of both bio- and e-methanol will enable Maersk to source green methanol at scale across several regions around the globe

Collaboration and investments in innovative projects are the most important ways to reach a net zero fuel value chain. Maersk will keep on working with a wide-ranging group of leading companies on these and further projects to accelerate the urgent transition to green energy.

Production Capacity Estimation Table

Partner Fuel Production capacity (end of year) tonnes/year
2024 2025 added after 2025
CIMC ENRIC bio-methanol 50,000 200,000
European Energy e-methanol 2-300,000
GTB bio-methanol 50,000 300,000
Orsted e-methanol 300,000
Proman bio- & e-methanol 100,000
WasteFuel bio-methanol 30,000
Total 130,000 6-700,000 500,000

Maersk’s green methanol sourcing partners

CIMC ENRIC, a subsidiary of CIMC (China). CIMC is a large, industrial conglomerate that has been a partner of Maersk for more than two decades. Its energy division—CIMC ENRIC—is a world-leading manufacturer of key equipment and services provider of engineering and system solutions for the clean energy, chemical and liquid food industries.

CIMC ENRIC will develop bio-methanol projects for Maersk in China. The phase one project will have a capacity to produce 50,000 tonnes/year of green methanol, starting in 2024. The second phase of the project will have a capacity of 200,000 tonnes/year with start date to be determined. The feedstock for the bio-methanol will be agricultural residues. Maersk intends to offtake the full volume produced.

European Energy (Denmark). European Energy is a global renewable energy company and project developer (wind, solar and Power to X). It develops, builds, and operates renewable electricity projects globally with a pipeline consisting of 20 GW renewable energy capacity.

As a partner, European Energy will produce e-methanol for Maersk’s first green feeder vessel, which is expected to be on the water by 2023. It will also develop e-methanol projects in Latin America and the United States that will have a capacity to produce up to 200-300,000 tonnes annually of e-methanol starting in 2025/2026. Maersk intends to offtake the full volume produced on long-term contracts to help its customers realize their own ambitious emission targets.

Green Technology Bank (China). Green Technology Bank (GTB) was established in 2016 by the Chinese government with the priority task to fulfill the 2030 Agenda for Sustainable Development. The purpose is to strengthen the integration of technology and finance, to accelerate the transformation and industrialization of technological achievements, to drive the realization of 2030 sustainable development goals, and explore for a green development model.

GTB will facilitate development of bio-methanol projects in China together with project developers to be identified. The first project is planned to have a capacity to produce 50,000 tonnes/year starting from 2024, and the second project is planned to have a capacity to produce 300,000 tonnes/year at a start date to be determined.

Orsted (Denmark). Orsted is a global renewable energy company with activities within onshore wind, solar-pv, Power-to-X, and offshore wind, where the company is the world leader. Orsted has a strategic ambition of installing 50 gigawatts of renewable energy capacity by 2030. The company is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi).

Orsted aims at becoming a global leader within Power-to-X and currently has a development pipeline of 11 projects across several hard-to-abate sectors. Partnering with Maersk on the company’s ambitious decarbonization journey, Orsted will develop an e-methanol project in the US that will have a capacity to produce 300,000 tonnes/year starting 2025. Maersk intends to offtake the full volume produced.

Proman (Switzerland). Proman is an integrated energy company and the world’s second largest methanol producer. Headquartered in Switzerland, with assets in the United States, Trinidad and Oman, and ongoing expansion into Mexico and Canada, Proman is a global leader in methanol, fertilizer and other products such as melamine. The company is committed to developing sustainable methanol and ammonia as cleaner alternatives to fossil fuels, offering a pathway to drastically cutting emissions in power generation, overland transportation, shipping and industry.

Proman will aim to supply Maersk with 100,000 – 150,000 tonnes/year of green methanol from its in-development facility 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.

WasteFuel (US). WasteFuel is a California-based start-up addressing the climate emergency by transforming unrecovered waste into sustainable fuels using proven technologies. WasteFuel has established strategic partnerships with leading global companies and technology providers to develop biorefinery projects and to ensure the environmental and commercial aspects of each project and industry are met safely, efficiently, and economically. Maersk Growth invested in the company in 2021.

WasteFuel is developing a bio-methanol project in South America that will produce over 30,000 tons per year starting in 2024. Maersk intends to offtake the full volume produced.


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