Maersk has entered into a green fuel partnership with US-based project developer Carbon Sink to help decarbonise its customers’ supply chains.
This is Maersk’s eighth such agreement in the efforts to accelerate global production of green methanol.
The parties have signed a letter of intent covering the development by Carbon Sink of green methanol production facilities in the US. The first facility will be co-located with the Red River Energy existing bioethanol plant in Rosholt, South Dakota, USA, and will have a production capacity of approximately 100,000 tonnes per year.
The commercial start is anticipated in 2027 and Maersk intends to purchase the full volume produced at the plant, with options for the output of subsequent Carbon Sink facilities at other locations.
Securing green fuels at scale in this decade is critical in its fleet decarbonisation efforts, the maritime shipping firm added.
Berit Hinnemann, head of green fuels sourcing, A.P. Moller – Maersk said: “Carbon Sink joins seven other strategic partners working to secure the green fuel needed for the 19 container vessels Maersk currently has on order which are capable of operating on green methanol. In March, Maersk announced six partnerships with CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel with the intent of sourcing at least 730,000 tonnes per year by the end of 2025. A seventh partnership with Debo was added in August.”
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