$30 trln in additional investments required to achieve net zero in 8 hard-to-abate sectors
The Net Zero Industry Tracker 2024 estimates that $30 trillion in additional capital will be required across ...
World’s first green container ship arrives in Egypt in its maiden voyage
The world’s first green-fuelled container ship of Maersk arrived in Egypt in its maiden voyage coming from Asia, crossing Africa through Egypt, then heading to Europe, the Suez Canal Economic Zone (SCZONE) said in a statement on Tuesday.
The vessel arrived at Egypt’s East Port Said port, which is ranked among the 10 most important ports in the world, according to the World Bank’s latest report.
In June 2023, Maersk said that it has successfully secured green methanol for the maiden voyage of the world’s first methanol-enabled container vessel.
Achieving this green fuel milestone is a significant step for the company and the industry’s efforts to reduce greenhouse gas emissions.
Maersk has signed a deal with Dutch producer OCI Global on the delivery of green1 bio-methanol for the maiden journey. The 21,500 km trip from Ulsan, South Korea to Copenhagen, Denmark — more than halfway around the globe – will provide real operational experience for Maersk seafarers handling the new engines and using methanol as fuel, as the company prepares to receive a fleet of new, large ocean-going methanol-enabled ships from 2024.
“The green methanol market is still in its infancy and frankly we had not expected to be able to secure a maiden voyage on green methanol for this vessel. So, we are very proud to have achieved this significant milestone. We expect a diverse green fuel mix for the future, with green bio-methanol from biomass waste being available now,”said Morten Bo Christiansen, Head of Energy Transition, A.P. Moller – Maersk.
OCI produces its green methanol at a US-based facility by using captured biogas from decomposing organic waste in landfills. The biogas is upgraded to biomethane and injected into the gas grid and the methanol is produced from the biomethane in the grid on a mass-balance basis. This way, green methanol can be produced in existing facilities using existing infrastructure and plants enabling a quick production. The method can contribute to a greener gas grid while capturing harmful methane emissions that would arise from the waste feedstock if left untouched. OCI’s green methanol is certified by International Sustainability & Carbon Certification (ISCC) in accordance with the EU Renewable Energy Directive.
To meet the ambitious 2040 target of net zero greenhouse gas emissions in time, A.P. Moller – Maersk aims to transport a minimum of 25% of Ocean cargo using green fuels by 2030, compared to a 2020 baseline. The 2,100 TEU (twenty-foot-equivalent) landmark methanol-enabled feeder vessel is an important step toward the long-term objective of gradually renewing the entire fleet to operate solely on green fuels.
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