Maersk and Sungas Sign a Green Methanol Agreement

Unpredictable rain, massive snowstorms, and scorching heat are some of the many problems that are increasingly dawning upon us, year by year, with the shooting rates of global warming. Over the past few decades, it has become a heated topic of debate and discussion around the globe, with everyone trying their best to find modern-day, sustainable solutions to this human-made problem. And one such innovative wonder that came up was the use of green methanol as a fuel source.

Green methanol is a fuel produced through biomass gasification, carbon dioxide (CO2) capture, or renewable electricity. It can be used, as an energy carrier, to store the electricity that is generated from renewable sources, or it can also be put to use as a transportation fuel.

Maersk, a Danish shipping company, has been actively signing deals all across the world with an array of companies to offtake the full volumes of this environmentally friendly fuel. This was the ninth such deal in the world.

In one of the interviews, Emma Mazhari, Head of Green Sourcing and Portfolio Management at A.P. Moller-Maersk, said, “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. “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.”

In alignment with the same, the CEO of SunGas, Robert Rigdon, added, “Our partnership with Maersk marks an important milestone for SunGas as we continue our mission to make a global impact in the energy transition. “We applaud Maersk’s leadership in catalysing decarbonization of the entire marine shipping industry and look forward to working together to accelerate the growth of production capacity for green methanol marine fuels.” 

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