A.P. Moller – Maersk (Maersk) has entered a green methanol partnership with US-based SunGas Renewables for the supply of sustainable fuels across its fleet.
This is Maersk’s ninth such partnership to drive the acceleration of global production capacity for green methanol, following a recent partnership with Carbon Sink.
The partners signed a Letter of Intent which covers the production of green methanol from multiple facilities to be developed by SunGas in the US, 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.
“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,” said Emma Mazhari, Head of Green Sourcing and Portfolio Management, Maersk.
“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.”
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The SunGas facilities will utilise its flagship System 1000 platform to convert sustainably sourced residues from the forestry and wood products industries into green methanol.
At the end of last month, Maersk and IBM announced the decision to withdraw the TradeLens offerings and discontinue the platform.
The move has been cited as TradeLens “has not reached the level of commercial viability” to continue work on the platform.
