Hapag-Lloyd and Maersk Take Steps Towards Green Methanol Procurement

Hapag-Lloyd and Maersk have joined forces to tackle carbon emissions by signing a contract with a Chinese methanol supplier.

This collaboration reflects their shared commitment to a sustainable future in the shipping industry.

Let’s explore their strategy and vision for a greener tomorrow.

A Joint Effort Towards Decarbonization

Hapag-Lloyd and Maersk have secured an agreement to source green methanol.

Starting in 2026, Hapag-Lloyd will receive 250,000 tons annually, while Maersk will source 500,000 tons.

This significant supply will power their transition to cleaner energy solutions.

What Is Green Methanol?

Green methanol is a blend of bio-methanol and e-methanol derived from renewable electricity.

This innovative fuel can reduce carbon dioxide emissions by up to 70%, making it a critical step toward sustainable shipping.

The Role of Alliances and Diversified Energy Strategies

Through the “Gemini” alliance, set to launch in 2024, Hapag-Lloyd and Maersk will strengthen their supply chains.

They are also investing in dual-fuel engines capable of using LNG (liquefied natural gas) and methanol.

This diversification minimizes risks and ensures fuel availability.

Future Goals and Outlook

Hapag-Lloyd aims to cut its carbon emissions by one-third by 2030 compared to 2022 levels.

By combining efforts, both companies are setting a standard for decarbonization in the shipping industry.