Maersk has entered a green methanol Letter of Intent with U.S. based SunGas Renewables, Inc., a spin-out of GTI Energy, and a leader in providing technology and equipment systems for large-scale production of renewable fuels, says an article published on their website.
Global production capacity
This is Maersk’s 9th such partnership to drive the acceleration of global production capacity for green methanol.
The Letter of Intent covers the production of green methanol from multiple facilities to be developed by SunGas in the United States from which Maersk intends to offtake full volumes of green methanol. The first facility is expected to begin operations in 2026 and have an annual production capacity of approximately 390,000 tonnes.
Zero greenhouse gas emissions
“Securing green marine fuels at a global scale within this decade will require rapid scale up of green methanol production capacity using a variety of technology and feedstock pathways.We are very pleased to welcome SunGas Renewables as a strategic partner in our efforts to achieve our goal of net zero greenhouse gas emissions in 2040 across our entire business, and to ensure meaningful progress is made within this decade in line with the Paris Agreement,”Emma Mazhari,Head of Green Sourcing and Portfolio Management, A.P. Moller – Maersk.
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