Maersk has signed a new partnership with Chinese bioenergy enterprise Debo to boost global green methanol production capacity.
The parties have signed a Letter of Intent covering Debo’s plans to develop a bio-methanol project for Maersk in China with capacity of 200,000 tonnes per year to start commercial operation by fall 2024.
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The feedstock for the green bio-methanol will be agricultural residues. Maersk intends to offtake the full volume produced.
In March, Maersk announced six partnerships with CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel with the intent of sourcing at least 730,000 tonnes/year by end of 2025 – well beyond the green methanol needed for the first 12 green container vessels currently on order.
