Marsh will sign the first step on the supply of green methanol in a step-by-step way to net zero emissions

Copenhagen, August 18 (Reuters) – AP Mለርller-Marsk on Wednesday signed a contract to protect green methanol as the world’s largest shipbuilder prepares to launch its first carbon-neutral ship in 2023.

About 90% of world trade is by sea, and international shipping carries about 3% of the world’s CO2 emissions. A.D. Maersk must have carbon-free ships by 2030 to meet its net zero emissions target by 2050.

“Yes, it is a ship, but it is an example of a transition to a carbon-neutral solution,” Morton Bo Christston, Marseille’s decommissioning director, told Reuters.

According to Marsk, the ship has signed an initial agreement with the Danish Reintegrate to produce 10,000 tons of carbon-neutral e-methanol, which is needed for the operation each year.

The company is working to address challenges in ensuring fuel supply, which has cost Christians a total of 20 million tons. As the name implies, green methanol is produced using renewable sources such as biomass and solar energy.

“Let’s stop talking about fossil fuels and instead focus on developing this prototype to solve this problem,” he said.

Future ships equipped with engines powered by green methanol will be 10-15% more expensive in the first few years, but fuel costs twice as much as conventional fuel, says Christensen.

“The good news is that the amount of oil we consume is, in fact, the starting point,” says Christensen.

He said he would share the cost of fuel with his customers as he carried the costly ships on the scales.

“But it’s not really that expensive, because even if we double the price of fuel, the impact on players’ shoes is less than five cents,” added Christine.

(Report by Stein Jacobson; correction by Anil Disilva)

(C) Copyright Thomson Reuters 2021.

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