<p>Ørsted plan to develop Power-to-X-facility on the US Gulf Coast to fuel Maersk’s newly ordered fleet of 12 methanol-powered vessels, as the industry leaders sign letter of intent on record-breaking offtake agreement for green fuels in the maritime industry. Now, AP Moller Maersk, a world leading integrated container logistics company, and Ørsted, a world leader in renewable energy, have signed a letter of intent about partnering on a new Power-to-X facility in the US which can become a landmark project in the green transformation of international deep-water shipping and set the standard for future large-scale production of green maritime fuels.</p><p>On the US Gulf Coast, Ørsted will develop a 675 MW Power-to-X facility that will produce approx. 300,000 tonnes of e-methanol per year, which Maersk will offtake for its newly ordered fleet of 12 methanol-powered vessels. The facility will be powered by approx. 1.2GW of renewable energy from new onshore wind and solar PV farms. The biogenic carbon needed to produce e-methanol will be extracted through carbon capture at one or more large point sources.</p><p>The project is targeted to be commissioned in the second half of 2025, making it by far the most ambitious project globally producing e-methanol at scale and a driving force in the decarbonisation journey of the maritime sector. Final investment decision could be made in late 2023.</p><p>The 300,000 tonnes of e-methanol are the largest potential offtake agreement for green fuels in the maritime industry ever announced, and it is a testimony to the action taken to shape green ocean transport by both Ørsted and Maersk. The agreement also marks Ørsted’s entry into the US Power-to-X market, a new strategic market for the company as it seeks to construct 50 GW of renewable energy capacity by 2030.</p><p>Over the past two decades, greenhouse gas emissions from the global maritime industry have risen sharply to account for around 2 % of global energy-related emissions. As the world races to fight climate change, the maritime sector urgently needs new zero-emission fuels at scale to reduce its climate impact.</p>
<p>Ørsted plan to develop Power-to-X-facility on the US Gulf Coast to fuel Maersk’s newly ordered fleet of 12 methanol-powered vessels, as the industry leaders sign letter of intent on record-breaking offtake agreement for green fuels in the maritime industry. Now, AP Moller Maersk, a world leading integrated container logistics company, and Ørsted, a world leader in renewable energy, have signed a letter of intent about partnering on a new Power-to-X facility in the US which can become a landmark project in the green transformation of international deep-water shipping and set the standard for future large-scale production of green maritime fuels.</p><p>On the US Gulf Coast, Ørsted will develop a 675 MW Power-to-X facility that will produce approx. 300,000 tonnes of e-methanol per year, which Maersk will offtake for its newly ordered fleet of 12 methanol-powered vessels. The facility will be powered by approx. 1.2GW of renewable energy from new onshore wind and solar PV farms. The biogenic carbon needed to produce e-methanol will be extracted through carbon capture at one or more large point sources.</p><p>The project is targeted to be commissioned in the second half of 2025, making it by far the most ambitious project globally producing e-methanol at scale and a driving force in the decarbonisation journey of the maritime sector. Final investment decision could be made in late 2023.</p><p>The 300,000 tonnes of e-methanol are the largest potential offtake agreement for green fuels in the maritime industry ever announced, and it is a testimony to the action taken to shape green ocean transport by both Ørsted and Maersk. The agreement also marks Ørsted’s entry into the US Power-to-X market, a new strategic market for the company as it seeks to construct 50 GW of renewable energy capacity by 2030.</p><p>Over the past two decades, greenhouse gas emissions from the global maritime industry have risen sharply to account for around 2 % of global energy-related emissions. As the world races to fight climate change, the maritime sector urgently needs new zero-emission fuels at scale to reduce its climate impact.</p>
