Maersk has announced a $1 billion investment in the production of green methanol, which will be used as a sustainable maritime fuel.
Green Methanol
The investment will enable the company to reduce its reliance on fossil fuels and lower its carbon emissions, in line with its goal of achieving net-zero emissions by 2050.
The production of green methanol will also create new jobs and stimulate local economies, as well as reducing the company's dependence on imported fuels.
Our goal is to make shipping more sustainable and environmentally friendly, said Maersk CEO.