- Maersk has signed a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Company.
- The deal further confirms the ability of bio-methanol to achieve significant greenhouse gas (GHG) emissions reductions in this decade.
- The first volumes are expected in 2026.
A.P. Moller – Maersk (Maersk) has entered into a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Co., Ltd, reads an official release.
The agreement will contribute to lowering GHG emissions from Maersk’s growing fleet of dual-fuel methanol container vessels, according to Maersk’s release.
Bio-methanol offtake agreement
With the addition of the LONGi volumes, Maersk is making progress in securing enough metanol for its owned dual-fuel methanol fleet of which 7 vessels are already in operation. Maersk’s combined metanol offtake agreements now meet more than 50% of the dual-fuel methanol fleet demand in 2027.
The agreement has evolved out of Maersk’s growing global alternative fuels portfolio of which several other methanol projects are currently in advanced stages of maturity.
The agreement with LONGi delivers bio-methanol produced at a facility in Xu Chang, Central China. The bio-methanol is produced from residues (straw and fruit tree cuttings). It will meet Maersk’s methanol sustainability requirements including at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil fuels.
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Source: Maersk
