Maersk Joins Buffett to Invest in Startup Promising Green Fuel
- Maersk buys stake in WasteFuel to get into bio-methanol market
- World’s biggest shipping line plans to go CO2 neutral in 2050
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A.P. Moller-Maersk A/S has agreed to buy a minority stake in a green-fuel startup backed by Warren Buffett, as the world’s largest container line latches on to new technologies to de-carbonize its fleet.
Maersk, which didn’t disclose the size of the deal, said its investment in California-based WasteFuel is part of a wider strategy to commit funds toward developing energy that doesn’t pollute.