Maersk pushes ahead with maritime decarbonization

Danish shipping company Maersk is set to acquire 51% of the Zafarana wind project, a 545 MW wind farm in Egypt, as part of a broader initiative to establish a $15 billion green methanol network along the Suez Canal. The move comes after Maersk’s CEO, Søren Skou, met with Egyptian President Abdel Fattah al-Sisi, solidifying plans for this significant investment. This strategic investment involves the production and distribution of green methanol, a fuel with substantial potential to reduce emissions from shipping. The methanol can be produced using biomass gasification or hydrogen derived from renewable electricity and captured carbon dioxide. Maersk has taken steps toward utilizing green methanol, having ordered container vessels capable of running on this eco-friendly fuel. Recently, the…