Hapag-Lloyd Secures Long-Term Green Methanol Supply To Advance Decarbonization Goals

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Hapag-Lloyd has entered a significant agreement with Goldwind, a Beijing-based global leader in clean energy, for an annual supply of 250,000 tonnes of green methanol. This move is part of Hapag-Lloyd’s Strategy 2030, focusing on sustainable investments and aligning with the Paris Agreement’s 1.5°C target.

Key Highlights

  1. Substantial GHG Emission Reductions
    • Green methanol, a blend of bio- and e-methanol, will reduce greenhouse gas emissions by at least 70% compared to conventional fuels.
    • The supply will save up to 400,000 tonnes of CO2e emissions annually for Hapag-Lloyd’s fleet operations.
  2. Strategic Investments in Decarbonization
    • Hapag-Lloyd aims to cut absolute fleet emissions by one-third by 2030 compared to 2022.
    • The agreement supports Hapag-Lloyd’s vision of achieving net-zero fleet operations by 2045.
  3. Goldwind’s Role in Green Methanol Production
    • Goldwind plans to establish a new green methanol factory adjacent to its existing facility in Hinggan League, China.
    • The project is expected to deliver early volumes by 2026, with the full facility operational by late 2027, subject to Board approval.
  4. Advancing Multi-Fuel Shipping Solutions
    • Green methanol is integral to Hapag-Lloyd’s multi-fuel strategy, complementing other investments in LNG and dual-fuel technologies.
    • Five 10,100 TEU charter ships, set for methanol dual-fuel retrofitting in 2026, will benefit from this green methanol supply.

Leadership Perspectives

  • Rolf Habben Jansen, CEO of Hapag-Lloyd:
    “This agreement is a vital step in securing green fuel supplies and advancing our commitment to sustainable shipping. We aim to lead the transformation of the liner shipping industry.”
  • Wu Gang, Chairman of Goldwind:
    “Our partnership with Hapag-Lloyd highlights Goldwind’s capability to support leading shipping companies in achieving their decarbonization goals.”
  • Jan Christensen, Senior Director, Global Fuel Purchasing, Hapag-Lloyd:
    “Green methanol is a cornerstone of our multi-fuel strategy. Partnerships like this with Goldwind are critical to advancing sustainable shipping solutions.”

This agreement with Goldwind marks a pivotal step in Hapag-Lloyd’s journey toward a greener future. By integrating green methanol into its operations, the company strengthens its role as a leader in the decarbonization of the shipping industry while setting a benchmark for sustainability-driven innovation.

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Source: Hapag-Lloyd