‘Green’ fuels will cost the consumer — but we need to think long term, Maersk CEO says

The container ship MORTEN MÆRSK heading to Hamburg on April 22, 2020. eyewave | iStock Editorial | Getty Images The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to “green” fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than short-term pain.   Soren Skou’s comments come a day after his company said it wanted the entire business to reach net-zero greenhouse gas emissions in the year 2040, 10 years ahead of its previous goal. “When we embark on…

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Maersk inks deal to secure supply of ‘green’ e-methanol for vessel, targets 2023 launch

Niels Wenstedt/BSR Agency | Getty Images News | Getty Images Maersk said it has secured a supply of “green” e-methanol for what it described as “the world’s first container vessel operating on carbon neutral fuel.” In an announcement Thursday, the world’s largest container shipping firm said Denmark’s European Energy and its subsidiary, REintegrate, would set up a facility to produce carbon neutral e-methanol for use in a vessel designed to operate on it. The plant would then produce approximately 10,000 metric tons of e-methanol used by Maersk’s ship every year.…

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