Alternative fuels could account for up to a fifth of A.P. Moller-Maersk’s marine fuel consumption in 2030 as part of its goal to reach net zero by 2040, a senior company executive said on Thursday.
The container shipping giant typically consumes between 10 and 11 million metric tons of fuel oil equivalent per year, of which 3% were alternative fuels last year, Emma Mazhari, vice president, head of energy markets, told reporters.
The world’s fleet moves more than 80% of global trade and contributes about 3% of global greenhouse gas (GHG) emissions.
“We would probably look at 15% to 20% green fuel or renewable fuel in 2030,” Mazhari said, adding that this depended on how well the company performed on its energy efficiency measures.
“It’s going to be biodiesel. Green methanol is going to feature very heavily, and bio-methane as well,” she said. Bio-methane production is growing in Europe and North America which can be used as fuel in ships that use liquefied natural gas (LNG), she added.
The company launched on Thursday its latest dual-fuelled methanol container vessel A.P. Moller, part of a fleet of 18 such ships scheduled to be delivered this year and next.
The Danish-flagged vessel had been filled with 500 metric tons of green methanol fuel before it…