about 3 years ago

Denmark's Maersk has invested in WasteFuel, a California-based startup focused on turning agricultural and municipal waste into fuels to "develop green biomethanol production in the Americas and Asia".In the announcement on Wednesday The world's largest container shipping company explains that its investment will enable WasteFuel to develop biorefineries and "Produce sustainable fuel from non-recoverable waste that may be biodegradable.The company's investment is through Maersk Growth, the company's joint venture.

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Its value was not disclosed in the announcement Morten Bo Christiansen, Maersk's head of decarbonization, will join WasteFuel's board as part of the deal. We know it can be challenging to provide adequate quantities of green fuel for our methanol-fueled vessels. This is due to the need for huge production increases around the world,Cooperation and partnership is "The key to scaling up sustainable fuel production and distribution," Christiansen said.

in February It was announced that private aviation company NetJets, owned by Warren Buffett's Berkshire Hathaway, has made a "massive investment" in WasteFuel.In a statement at the time, NetJets said it had pledged to purchase at least 100 million gallons of sustainable aviation fuel from WasteFuel over the next 10 years.The idea of ​​reusing waste is not new. For example, back in 2014, a sewage-powered “bio bus” Food waste and other commercial waste It is used to transport passengers between Bristol Airport and Bath. south west england

Elsewhere, Reading, a large city west of London. It is home to more than 58 biogas buses that use biomethane from animal manure and food waste.The US Department of Energy has described the waste as “A critical and ineffective batch of raw materials for renewable fuels and product manufacturing.” Transportation's Environmental Footprint Matters In 2019, International Shipping which is an important cog in the global economy It is responsible for about 2% of global energy-related CO2 emissions, according to the International Energy Agency.

Because of the big economies Around the world, efforts are made to reduce emissions to achieve zero goals. The maritime sector must find new ways to reduce operating emissions.Methanol appears to be important to Maersk's plans for the future. The company said it had supplied e-methanol that "Environmentally friendly" for what it calls “The world's first container ship operating on carbon-neutral fuels”August also saw Maersk announcing it was ordering eight large naval ships that could run with what it called "the naval ship".