Maersk invests in bio-methanol production company WasteFuel

Maersk invested in WasteFuels to produce bio-methanol.

A.P. Møller – Maersk is putting more pieces of the puzzle in place to decarbonize its shipping fleet. Maersk Growth, a corporate venture arm of the company, on Wednesday invested in WasteFuel to produce green bio-methanol.

This announcement follows two August agreements Maersk signed to build eight methanol-powered ocean vessels and produce the carbon-neutral e-methanol to power those ships.

California-based startup WasteFuel is developing and expanding its offering of low-carbon fuels such as...

https://www.freightwaves.com/news/maersk-invests-in-bio-methanol-production-company-wastefuel

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