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APM Holding banks on hot water instead of black oil

APM Holding is investing in geothermal technology in a move to support the transition away from coal and gas. "The potential is too great to not be pursued," says Samir Abboud, who heads the project at APM Holdings.

"There is of course no guarantee that we will succeed, however the potential is too great to not be pursued,” says Samir Abboud, head of the geothermal project at APM Holding. | Photo: A.P. Møller Holding

APM Holding will invest in the exploration of geothermal energy as a potential heating source on a large-scale in Denmark.

Specifically, the Maersk family's investment unit will use its experience from Maersk Oil to really bring hot water from the underground into Danish heating supply, informs APM Holding in a press release.

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