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Maersk to buy 500,000 tpy of bio-methanol/e-methanol from China's Goldwind

Danish shipping group Maersk said on Wednesday it has agreed to buy 500,000 tpy of bio-methanol and e-methanol from China's Goldwind, to enable low carbon operations, starting in 2026.

The volumes combine a mix of green bio-methanol and e-methanol, all produced with wind energy at a new plant. Goldwind is expected to confirm a final investment decision for the facility by the end of the year, Maersk said in a statement.

"This deal is a milestone for Maersk as it enables us to significantly reduce our emissions footprint in this decade," the company's Chief Infrastructure Officer Rabab Raafat Boulos said in a statement.

The long-term deal will enable low carbon operations for the first 12 large methanol-enabled Maersk vessels on order, which are due for delivery in 2024 and 2025, the company added.

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