AP Moller-Maersk signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) for strategic cooperation on the Shanghai Port methanol marine fuel project.
The two parties will join forces to explore ship-to-ship green methanol tanker operations following the delivery of Maersk’s green methanol container ships in 2024.
The Danish shipping company has set a company-wide net-zero emissions target for 2040, and the delivery and operation of its 19 ships with dual-fuel engines capable of running on green methanol will accelerate the development of carbon-neutral shipping .
“Therefore, the development of infrastructure for bunkering methanol in the port is essential and crucial to achieve this goal,” emphasized the company.
The agreement will also support the Port of Shanghai’s ambition to become one of the world’s first commercial green methanol fuel stations and a regional green methanol fuel bunkering hub.
Maersk and SIPG will gradually expand their cooperation. In the first phase, SIPG will provide ship-to-ship bunkering and port fuel tank storage services as a potential energy bunkering service provider to Maersk.
In the potential second phase, the two partners will explore how to form a comprehensive strategic energy partnership to promote the expansion of bunkering services to the upstream green methanol industry chain.
Source: News Network
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