04 Nov The Spanish Government and Maersk have agreed to Collaborate to Produce Green Fuel.

Source: http://www.maersk.com/

A General Protocol for collaboration in order to explore large-scale green fuel production in Spain has been signed by the Spanish Government and A.P. Moller (Maersk).

The project will explore the possibilities to produce green fuel from the renewable energy sources to the bunkering of ships. It is estimated that if this protocol were fully enforced, it would deliver about 2 mil. Tonnes of green fuel per year.

Both parties are checking the production opportunities in Galicia and Andalusia. There’s a potential creation of jobs including construction and temporary jobs up to 85.000.

The President of Spain, Pedro Sánchez declared: “This project is perfectly aligned with Spain’s strategy of reindustrialisation, just transition and the green hydrogen roadmap, advancing in the fulfilment of the common commitment of decarbonisation of the European Union. It will also strengthen economic, political, and commercial ties with Denmark, a partner and a friend in EU.”

The main challenge of decarbonization is the production, storage and delivery of sufficient quantities of green energy at an affordable price. Maersk uses roughly 6 mil. Tonnes of green methanol per year to reach its 2030 milestone fleet emissions target and even more if they are to reach net zero by 2040. Maersk fleet will comprise 19 vessels running on green methanol that will require about 750.000 tonnes of green methanol.

Soren Skou, CEO, A.P. Moller-Maersk declared: “We are living in a climate emergency, and we need to rapidly accelerate the availability of green future fuels. We are very pleased to explore green fuel opportunities with the Spanish Government, as the country holds key characteristics to help solve this challenge with its great hydrogen ambitions and aspiring sustainability goals. At the same time, Spain encompasses significant renewable resources and is placed along key shipping routes.”