Maersk Signs Long-Term Methanol Sourcing Deal

• The major deal with LONGi further confirms the ability of bio-methanol to achieve significant greenhouse gas (GHG) emissions reductions in this decade.
• The first volumes are expected in 2026.

Copenhagen, Denmark – A.P. Moller - Maersk (Maersk) has entered into a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Co., Ltd. The agreement will contribute to lowering GHG emissions from Maersk’s growing fleet of dual-fuel methanol container vessels.

With the addition of the LONGi volumes, Maersk is making progress in securing enough methanol for its owned dual-fuel methanol fleet of which 7 vessels are already in operation. Maersk’s combined methanol offtake agreements now meet more than 50% of the dual-fuel methanol fleet demand in 2027.

The agreement has evolved out of Maersk’s growing global alternative fuels portfolio of which several other methanol projects are currently in advanced stages of maturity.

The agreement with LONGi delivers bio-methanol produced at a facility in Xu Chang, Central China. The bio-methanol is produced from residues (straw and fruit tree cuttings). It will meet Maersk’s methanol sustainability requirements including at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil fuels*.

More about the bio-methanol agreement:

• Location: Xu Chang, Henan province (Central China)
• Developer: LONGi Green Energy Technology Co. Ltd is a global leading photovoltaic (PV) manufacturer, a developer of solar power projects, and a leading electrolyzer manufacturer. LONGi has partnered with Maersk for ocean and logistics services during its growth journey, making the agreement another milestone in the partnership between the two companies.
• Timing: First volumes are expected in 2026 with full production expected at the end of the decade.
• Duration: Long term deal – reaching into next decade.
• Production: The bio-methanol production will begin in 2026 and is produced from residues (straw and fruit tree cuttings). It will meet Maersk’s methanol sustainability requirements including at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil fuel of 94 g CO2e/MJ.
  * See Maersk’s methanol sustainability requirements here.

Maersk 소개

A.P. Moller - Maersk는 고객의 공급망을 연결하고 단순화하는 통합 물류 기업입니다. 물류 서비스 산업의 글로벌 리더로서 Maersk는 130개 국가에서 사업을 영위하고 약 100,000명의 직원을 보유하고 있습니다. Maersk는 새로운 기술, 새로운 선박 및 친환경 연료를 통해 2040년까지 사업 전반에서 순 배출량 제로 달성을 목표로 합니다.