From gCaptain
Hapag-Lloyd has secured a major agreement with Beijing-based clean energy provider Goldwind for the annual supply of 250,000 tons of green methanol.
The deal marks a crucial step in the shipping giant’s decarbonization journey, with the green methanol blend expected to reduce greenhouse gas emissions by at least 70 percent.
What is green methanol? Green methanol is a low-carbon liquid fuel that’s produced without polluting emissions and is a promising alternative to fossil fuels. It’s made from green hydrogen and non-fossil carbon, which can come from agricultural and forestry waste or be captured from the atmosphere.
“We are fully committed to the 1.5-degree target of the Paris Agreement… This will bring us an important step closer to our goal of achieving net-zero fleet operations by 2045,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.
The green methanol supply could potentially reduce Hapag-Lloyd’s fleet operations’ CO2e emissions by up to 400,000 tons annually compared to conventional fuels. This aligns with Hapag-Lloyd’s ambitious target to cut absolute fleet GHG emissions by approximately one-third by 2030, compared to 2022 levels.
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