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Due to the manner in which it is produced, eMethanol is also known as “green” methanol: combining hydrogen produced by water electrolysis with biogenic CO2 (or simply CO2 produced by burning biologically based materials like biomass).
E-methanol and its derivatives are cost-effective, clean liquid fuels that can be used as fuel for road transportation, aviation, and marine transportation with the infrastructure already in place. Methanol is made by combining hydrogen with carbon dioxide from the paper industry.
The end product is called e-methanol, where e- stands for the electricity used in production, to distinguish it from conventionally produced methanol.
Methanol is a great fuel, particularly for ships. Biomethanol is typically made from waste products like sewage, biogas from landfills, and forestry and agricultural waste as feedstocks.
E-methanol is made by splitting water into hydrogen and oxygen with electricity, preferably renewable, that has been captured from renewable sources.
Drop-in hydrocarbons like diesel, gas (methane), and jet fuel are produced after the hydrogen is combined with carbon dioxide.
The Global e-methanol fuel Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
To scale up green methanol production by 2025, A.P. Moller and Maersk form global strategic alliances. A.P. Moller – Maersk (Maersk) enters strategic partnerships with six leading businesses with the intention of sourcing at least 730,000 tonnes per year by the end of 2025 to increase the global production capacity of green methanol CIMC ENRIC, European Energy, the Green Technology Bank, Orsted, Proman, and WasteFuel are the six businesses.
Maersk will be able to produce a lot more green methanol than is required for the first 12 green container vessels that are currently on order by the end of 2025, at the latest.
We need a significant and prompt acceleration in the production of green fuels if we are to move toward decarbonization.
Green methanol is currently the only shipping solution that is ready for the market and scalable. Collaboration across the ecosystem and globally is required to boost production.
Because of this, these partnerships represent a significant turning point in the process of initiating the switch to green energy. Maersk will be able to scale up its supply of green methanol in a number of global regions once these bio- and e-methanol projects are fully developed.
The most important steps toward a fuel-free value chain are collaboration and investments in novel projects. In order to accelerate the urgent transition to green energy, Maersk will continue to collaborate on these and additional projects with a diverse group of leading businesses.
