Tag: methanol

Ørsted and Maersk plan a Power-to-X-facility on the US Gulf Coast

Maersk, a global leader in integrated container logistics, and Ørsted, a global leader in renewable energy, have signed a letter of intent (LOI) to collaborate on a new Power-to-X facility in the US. This could be a landmark project in the green transformation of international deep-water shipping and set the bar for future large-scale production of green maritime fuels.

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Transitioning towards renewable methanol to reduce carbon emissions

A transition to renewable methanol could expand methanol’s use as a chemical feedstock and fuel while moving industrial and transport sectors toward net carbon neutral goals. The cost of renewable methanol production is currently high and production volumes are low. But with the right policies, renewable methanol could be cost competitive by 2050 or earlier.

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