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Maersk, CMA CGM move forward with methanol

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As a first in the shipping industry, AP Moller-Maersk (Maersk) will retrofit an existing ship to a dual-fuel methanol-powered vessel, enabling it to sail on green methanol. The first engine retrofit in the industry is scheduled to be conducted in 2024 and Maersk hopes to replicate this on sister vessels going for special surveys in 2027. Maersk head of fleet management and technology Leonardo Sonzio said, "We have set an ambitious net-zero emissions target for 2040 across the entire business and have taken a leading role in decarbonising logistics. Retrofitting engines to run on methanol is an important lever in our strategy. With this initiative, we wish to pave the way for future scalable retrofit programmes in the industry and thereby accelerate the transition from fossil fuels to green fuels. Ultimately, we want to demonstrate that methanol retrofits can be a viable alternative to newbuildings." Maersk has signed an agreement with MAN Energy Solutions who will retrofit the engine. Besides aiming to achieve net zero in 2040, Maersk has also set tangible near-term targets for 2030 to ensure alignment with the Paris Agreement and Science Based Targets initiative methodology. This translates to a 50 reduction in emissions per transported container in the Maersk ocean fleet compared with 2020, and furthermore, 25 of its container volume will be transported using green fuels by 2030.

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