Post by account_disabled on Feb 20, 2024 1:31:07 GMT -5
The shipping industry is a crucial part of the global supply chain, but it is also responsible for a significant amount of carbon emissions . According to recent data, shipping accounts for approximately 3% of the world's carbon emissions.
To combat this problem, significant efforts have been made to make the shipping process more environmentally friendly. This is an ongoing process, but progress is being made towards a greener and more sustainable future for the shipping industry.
Shipping giant Maersk has been investing more than $1 billion in ships powered by green methanol to accelerate its shift to carbon-neutral operations. This week, the company's new container ship sets sail from South Korea to Denmark, according to a report from Fast Company. She is the first to run on green methanol, made from methane captured from food waste in landfills.
The company commissioned the container ship two years ago as part of a commitment to the principle of only commissioning new-build vessels that can sail on green fuels. It already has another 25 of the ships on order and is also beginning to retrofit an existing ship into a ship powered by dual-fuel methanol and therefore capable of sailing on green methanol. The industry's first en C Level Executive List gine upgrade is scheduled to occur in 2024.
Maersk currently operates more than 700 vessels, of which around 300 are owned by Maersk. To meet the ambitious 2040 target of net zero greenhouse gas emissions on time, Maersk aims to transport a minimum of 25% of maritime cargo using green fuels by 2030.
Maersk defines “green fuels” as fuels with low to very low GHG emissions over their life cycle compared to fossil fuels. While green methanol will still generate some emissions, it can reduce ships' carbon dioxide emissions by 65-70% compared to conventional fuels.
“We have set an ambitious target of net zero emissions by 2040 across the business and have taken a leading role in the decarbonisation of logistics,” said Leonardo Sonzio, head of Fleet Management and Technology at Maersk. “Modernizing engines to run on methanol is an important lever in our strategy.
With this initiative, we wish to pave the way for future scalable modernization programs in the industry, accelerating the transition from fossil fuels to green fuels. Ultimately, we want to demonstrate that methanol retrofits can be a viable alternative to new buildings.”
Additionally, other technologies are being developed to reduce emissions on ships, including ammonia, liquid hydrogen and electrification. But because the industry is a major polluter and to meet the Paris climate goals as soon as possible, Maersk chose to go ahead with green methanol because it was feasible.
To combat this problem, significant efforts have been made to make the shipping process more environmentally friendly. This is an ongoing process, but progress is being made towards a greener and more sustainable future for the shipping industry.
Shipping giant Maersk has been investing more than $1 billion in ships powered by green methanol to accelerate its shift to carbon-neutral operations. This week, the company's new container ship sets sail from South Korea to Denmark, according to a report from Fast Company. She is the first to run on green methanol, made from methane captured from food waste in landfills.
The company commissioned the container ship two years ago as part of a commitment to the principle of only commissioning new-build vessels that can sail on green fuels. It already has another 25 of the ships on order and is also beginning to retrofit an existing ship into a ship powered by dual-fuel methanol and therefore capable of sailing on green methanol. The industry's first en C Level Executive List gine upgrade is scheduled to occur in 2024.
Maersk currently operates more than 700 vessels, of which around 300 are owned by Maersk. To meet the ambitious 2040 target of net zero greenhouse gas emissions on time, Maersk aims to transport a minimum of 25% of maritime cargo using green fuels by 2030.
Maersk defines “green fuels” as fuels with low to very low GHG emissions over their life cycle compared to fossil fuels. While green methanol will still generate some emissions, it can reduce ships' carbon dioxide emissions by 65-70% compared to conventional fuels.
“We have set an ambitious target of net zero emissions by 2040 across the business and have taken a leading role in the decarbonisation of logistics,” said Leonardo Sonzio, head of Fleet Management and Technology at Maersk. “Modernizing engines to run on methanol is an important lever in our strategy.
With this initiative, we wish to pave the way for future scalable modernization programs in the industry, accelerating the transition from fossil fuels to green fuels. Ultimately, we want to demonstrate that methanol retrofits can be a viable alternative to new buildings.”
Additionally, other technologies are being developed to reduce emissions on ships, including ammonia, liquid hydrogen and electrification. But because the industry is a major polluter and to meet the Paris climate goals as soon as possible, Maersk chose to go ahead with green methanol because it was feasible.