Maersk has entered into a deal with Denmark’s European Energy and its subsidiary, REintegrate, to secure supply of green e-methanol for a container vessel. The vessel is expected to be the world’s first container vessel operating on carbon neutral fuel.
European Energy and its subsidiary, REintegrate, will be setting up a facility to produce carbon neutral e-methanol for use in a vessel designed to operate on it. The e-methanol will be produced using renewable energy and biogenic carbon dioxide. The plant is anticipated to produce approximately 10,000 metric tons of e-methanol to be used by Maersk’s ship every year. The production of the fuel is likely to begin in 2023. The deal is line with Maersk’s target to have the world’s first container vessel operated on carbon neutral methanol on the water by 2023.
The shipping sector entails a large environmental footprint. As per the International Energy Agency, international shipping accounted for 2 per cent of global energy-related carbon emissions in 2019. New sources of green and renewable fuel are, thus, integral to achieving decarbonisation of the shipping sector.