Maersk Spain Sign Project for Large-Scale Green Fuels Production

Maersk Spain Sign Project for Large-Scale Green Fuels Production

Shipping giant Maersk and the Spanish government marked a significant milestone by signing a General Protocol for Collaboration to explore opportunities for large-scale fuels production in Spain.

The project aims to generate up to 2 mil. tonnes of green fuels per year and explore the “feasibility on how to cover the full value chain from renewable energy sources to bunkering of vessels.” The project has also an overall estimated potential to produce up to 85,000 jobs.

A.P. Moller - Maersk CEO Soren Skou pointed out that the world is “living in a climate emergency” pushing the need for the rapid acceleration of the availability of green future fuels. He also explained that Spain holds “key characteristics to help solve this challenge with its great hydrogen ambitions and aspiring sustainability goal.”

“At the same time, Spain encompasses significant renewable resources and is placed along key shipping routes,” he added.

In addition to this, Spanish Prime Minister Pedro Sánchez said the project is “perfectly aligned” with the country’s green strategy.

“This project is perfectly aligned with Spain's strategy of reindustrialisation, just transition and the green hydrogen roadmap, advancing in the fulfillment of the common commitment of decarbonisation of the European Union. It will also strengthen economic, political and commercial ties with Denmark, partner and a friend in EU,” the Prime Minister said.

Both parties are also reviewing production opportunities in the Andalusia and Galicia regions.

Furthermore, A.P. Moller - Maersk Fleet and Strategic Brands CEO Henriette Hallberg acknowledged that operating a large fleet of container vessels is a part of the climate problem, “We have made the choice to take an active part in shaping the solutions to secure a green and just transition, enabling the global shipping industry to deliver on the Paris Agreement and Maersk to achieve its 2040 net-zero target.”

“To achieve our goals, we need to collaborate with partners who are actively looking at green solutions for the future,” she added.

The shipping company noted that it needs an estimated 6 mil. tonnes of e-methanol per year to attain its 2030 milestone fleet emissions target and more by 2040 to reach net zero. Maersk added that approximately 750,000 tonnes of e-methanol are needed to operate the 19 vessels capable of running on the said fuel that will be put in operation during 2023 to 2025.

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