Maersk and the Spanish Government explore hydrogen production

A.P. Moller – Maersk and the Spanish Government have signed a General Protocol for Collaboration to explore the opportunities for large-scale green fuel production in Spain. Signing the protocol marks a milestone in the collaboration that, if implemented in full, could deliver up to 2m tons of green fuels per year.

The project aims to explore the feasibility of covering the full value chain from renewable energy sources to the bunkering of vessels.

“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”, Soren Skou, CEO of A.P. Moller – Maersk.
The parties are reviewing production opportunities in the Andalusia and Galicia regions. The project has an estimated potential to generate around 85.000 jobs, including construction and temporary positions.
Maersk needs approximately 6m tons of green methanol per year to reach its 2030 milestone fleet emissions target and even larger amounts by 2040 for its fleet to reach net zero.
“Operating a large fleet of container vessels, we are part of the climate problem, and we have made the choice to take an active part in shaping the solutions to secure a green and just transition, enabling the global shipping industry to deliver on the Paris Agreement and Maersk to achieve its 2040 net-zero target. To achieve our goals, we need to collaborate with partners who are actively looking at green solutions for the future”, Henriette Hallberg, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk.

The 19 vessels capable of running on green methanol that Maersk will put in operation during 2023-2025 will require approximately 750.000 tons of green methanol. Earlier in 2022, Maersk announced seven strategic partnerships to secure the volumes needed to meet the demands of these initial vessels.

Source: Maersk