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.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.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.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.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.