Denmark – A.P. Moller – Maersk, a leading shipping company, achieved a significant milestone by unveiling its first container vessel powered by green methanol, marking a noteworthy advancement in an industry known for its high carbon emissions. This new container ship, ordered in 2021, features two engines: one powered by conventional fuels and another running on green methanol, which is produced using biomass or captured carbon and renewable power-derived hydrogen. In practical terms, the vessel emits 100 fewer tons of carbon dioxide per day compared to diesel-fueled ships, making it a substantial step toward reducing emissions.
Vincent Clerc, CEO of Maersk, emphasized the symbolic importance of this achievement, as it represents a concrete manifestation of their commitment to energy transition. Furthermore, it signifies a pioneering move within the industry, with 125 similar ships already ordered by various companies, demonstrating a significant shift toward cleaner technology and energy sources in the maritime sector.
Shipping accounts for approximately 3% of global carbon emissions, a figure comparable to emissions from entire countries. However, decarbonizing the industry has been a complex challenge due to its global nature and competitiveness. The introduction of a shipping tax, supported by some nations, has faced resistance from others, highlighting the difficulties in achieving a global consensus on decarbonization efforts.
Maersk, aiming to become climate-neutral by 2040, has ordered 25 of these green methanol-powered vessels, with the first one setting the stage for a cleaner and more sustainable future. However, there are concerns about the availability and cost of green methanol, which is currently limited and expensive to transport. Maersk has taken steps to secure the supply of green methanol by signing agreements with multiple global suppliers, though challenges in scaling up production persist.
According to the Organization for Economic Cooperation and Development, ocean shipping is responsible for transporting approximately 90% of globally traded goods.
(Source: Silvia Amaro | CNBC)
