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Shipping Giant Maersk Plans Shift to Green Fuel in Effort to Ditch Oil

  • Signs methanol deals with Orsted, 5 other energy companies
  • Partnerships aim to help jump-start the green fuel market
Shipping containers on a container ship, operated by A.P. Moller-Maersk A/S, at the Port of Felixstowe, U.K.

Shipping containers on a container ship, operated by A.P. Moller-Maersk A/S, at the Port of Felixstowe, U.K.

Photographer: Chris Ratcliffe/Bloomberg

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, has partnered with six energy companies to jump-start the green methanol market and help the shipping giant ditch fossil fuels.

Maersk will be able to buy at least 730,000 tons of methanol per year by the end 2025, the Copenhagen-based company said on Thursday. That’s equal to roughly 3.5% of its current oil use and vastly higher than the world’s current global methanol production of about 30,000 tons.