Maersk, the world’s largest shipping company, is investigating producing green fuel in Egypt as reported by Ship & Bunker.
Speedy delivery
According to the firm, the deal between the company and the authorities will “further speed the delivery of green fuels” and is a step forward from the fuel-sourcing collaborations Maersk announced in early March.
This year, a feasibility study will be conducted in Egypt to determine the viability of manufacturing green bunker fuel from renewable energy, with Maersk as a committed offtake.
Green shipping fuels
According to Maersk, the step is being made to investigate scale-up opportunities in the production of green shipping fuels.
“Even more scale is needed within this decade to continue on the 1.5-degree track [limiting global temperatures to a 1.5-degree rise],” said senior Maersk executive Henriette Thygesen.
“It’s something his partnership is looking into,” she added.
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Source: Ship & Bunker
