Maersk to buy low-carbon methanol from China's Goldwind (updated)

Goldwind Science & Technology Co

22/11/2023 06:23

(Adds quote, detail in paragraphs 2-4)
       OSLO, Nov 22 (Reuters) - Danish shipping group Maersk
 MAERSKb.CO  said on Wednesday it has agreed to buy 500,000
tonnes of bio-methanol and e-methanol per year 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.
  

 (Reporting by Terje Solsvik, editing by Essi Lehto)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))