Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Wed 22 Nov 2023, 16:11 GMT

Maersk signs green methanol deal with China's Goldwind


Agreed annual volume of 500KT for Maersk's first 12 large methanol-fuelled ships.

Maerk's first large (16,000 TEU) methanol-enabled vessel.
Maersk is due to take delivery of its first large (16,000 TEU) ocean-going methanol-enabled vessel in the first quarter of 2024. Image credit: Maersk

Maersk has signed a green methanol offtake agreement with Chinese clean energy specialist Goldwind.

The accord will see the Danish shipper purchase 500,000 tonnes on an annual basis for the first 12 large methanol-fuelled ships it has on order. Production is expected to begin in 2026.

The volumes combine a mix of green bio-methanol and e-methanol, all produced utilising wind energy at a new production facility in Hinggan League, Northeast China, around 1000km northeast of Beijing.

Following this signed offtake agreement, Goldwind expects to confirm a final investment decision for the facility by the end of the year.

According to Maersk, the agreed volumes will be able to annually propel more than half the methanol-enabled capacity it currently has on order, thus significantly de-risking its objective to reach net-zero greenhouse gas emissions by 2040, whilst also supporting expectations for a competitive green methanol market towards 2030.

"With this project, Goldwind will continue to explore the innovative application of new technologies, pursue the organic combination of green electricity and green fuel production, and optimize the production process of green methanol. Goldwind is committed to collaborating with companies involved in the green methanol industry, with the aim to make green methanol one of the most important and economically feasible clean maritime fuels in the future," said Wu Gang, chairman of Goldwind.

"We are encouraged by the agreement because its scale and price confirm our view that green methanol currently is the most viable low-emission solution for ocean shipping that can make a significant impact in this decade. The deal is a testament to the momentum and vast efforts we see among ambitious developers driving projects forward across geographies, however, we still have a long way to go in ensuring a global green fuels market that can enable the decarbonisation of global shipping," remarked Rabab Raafat Boulos, Chief Infrastructure Officer at A.P. Moller - Maersk.

Maersk is due to take delivery of its first large ocean-going methanol-enabled vessel (16,000 TEU) in the first quarter of 2024, and says it is working diligently on sourcing solutions with a range of global partners for the entire vessel series, scheduled for delivery in 2024-25.


Biofuel   Biomethanol   Deal   E-methanol   Maersk   Methanol   Milestone  
Alisios vessel. Axpo completes first LNG bunkering in Valencia, with over half bio-LNG  

Ship-to-ship transfer to a container vessel makes Valencia the company's fourth Spanish port for LNG bunkering.
Christening ceremony of Makua vessel. Matson christens Makua, first of three LNG-ready Aloha Class container ships  

Dual-fuel vessel, due for delivery in early 2027, is the first of three ships worth around $1bn.
CMB.Tech logo. CMB.Tech seeks Singapore-based ammonia operations manager for Asia Pacific  

New hire will oversee ammonia chartering and bunkering and liaise with Far East partners.
Lumi Aurora vessel. IINO Lines deploys first Ice Class IB VLGC on long-term charter to Borouge International  

LPG-fuelled Lumi Aurora will carry North American gas to Borouge International's Porvoo plant in Finland.
Abelina Wagenborg vessel launch. Wagenborg launches first EasyMax 2.0 vessel, prepared for methanol, ammonia and LNG  

Abelina Wagenborg, built at Niestern Sander, is the first of a new generation designed for multiple alternative fuels.
NYK and MISC joint venture signing. NYK–MISC joint venture signs charter for 18,700-cbm LNG carrier with Malaysia LNG  

Asia LNG Transport will operate the dual-fuel diesel-electric newbuild, due from Hudong-Zhonghua in 2028, on routes to Japan.
Tsuneishi logo. Study finds methanol dual-fuel retrofit of Kamsarmax bulk carrier would take about 75 days  

Report by Mærsk Mc-Kinney Møller Center, involving Tsuneishi, puts conversion costs at 25–30% of the cost of a conventionally fuelled newbuilding.
LR, Shell and GTT joint development project (JDP) launch. Lloyd's Register, Shell and GTT launch joint project on hybrid-electric 200,000-cbm LNG carrier  

Partners to develop a concept combining hybrid-electric propulsion with GTT NEXT1 cargo containment technology for larger LNG carriers.
ClearMariner homepage. ClearMariner expands maritime sanctions screening with ESG, emissions and API support  

Online service now combines sanctions checks with voyage CO₂, CII, EU ETS and FuelEU Maritime estimates.
Long Jing Xin, Flex Commodities. Flex Commodities adds Long Jing Xin to Singapore marine fuels team  

Company appoints associate for marine fuels as part of plan for regional expansion.

↑  Back to Top


 Recommended