To boost the global production capacity of green methanol, A.P. Moller – Maersk (Maersk) enters strategic partnerships with six leading companies with the intent of sourcing at least 730,000 tonnes/year by end of 2025 (see breakdown table below). 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 the first 12 green...
This 10-year, €500 million green bond comes under the umbrella of Maersk´s Green Finance Framework and a final order book at €3.7bn. The transaction priced at coupon of 0.75%, lowest annual interest ever for Maersk.
Copenhagen, Denmark – A.P. Moller – Maersk (Maersk) has launched its Green Finance Framework designed to allow the company to issue a variety of sustainable financing instruments which may include bonds, loans, project finance and other instruments.
Cicero Green was appointed to...
Hitachi Zosen Corporation (Hitachi Zosen), Mitsui O.S.K. Lines, Ltd.(MOL) and Yanmar Power Technology Co., Ltd. (YPT) have proposed “Development of Methane Slip (Note 1) Reduction Technology from LNG Fueled Vessels by Improving Catalysts and Engines” (hereinafter referred to as “the Project”) with Hitachi Zosen as the managing company in the “Development of Next Generation Vessels Project” publicly solicited by the New Energy and Industrial Technology Development Organization (hereinafter...
A.P. Moller – Maersk has identified its partners to produce green fuel for its first vessel to operate on carbon-neutral methanol: REintegrate, a subsidiary of the Danish renewable energy company European Energy.
REintegrate and European Energy will establish a new Danish facility to produce the approx. 10.000 tonnes of carbon-neutral e-methanol that Maersk’s first vessel with the ability to operate on green e-methanol will consume annually. Maersk will work closely with REintegrate and European...
The Green Maritime Methanol consortium achieves a new project milestone.
The Green Maritime Methanol consortium studies the possibilities for renewable Methanol as a maritime transport fuel. Green Methanol is an important candidate as a future fuel for the shipping industry. It is widely available, can be produced in a sustainable way, is easily stored on board of ships and can be burned in engines with minor modifications.
Within the Green Maritime Methanol project a new milestone has been achieved, the successful start of the engine test programme on 100% methanol....
The consortium selected nine ships for research on the application of renewable methanol as a marine fuel.
A consortium of leading international maritime companies, supported by Maritime Knowledge Centre, have joined forces to further investigate the feasibility of methanol as a sustainable alternative transport fuel in the maritime sector. Major shipowners Boskalis, The Royal Netherlands Navy, Van Oord and Wagenborg Shipping will take part in the consortium, together with shipbuilders, Damen Shipyards, Feadship, Royal IHC and major marine engine manufacturers Pon Power and Wärtsilä together with...
Green Maritime Methanol project takes off with a shortlist of nine ships
Group of leading Dutch maritime players will evaluate clean fuel option on a range of newbuildings and conversions
Rotterdam, 27 May 2019. The Green Maritime Methanol consortium has selected nine ships for research on the application of renewable methanol as a marine fuel. New designs, newbuildings as well as existing ships of Boskalis, Van Oord, the Royal Netherlands Navy and Wagenborg Shipping were selected.
The vessel...