Maersk, Ørsted will not sign a binding methanol agreement for at least one year

It was no coincidence that Maersk and Ørsted didn’t enter an actual contract on a mega project set to supply green methanol to Maersk’s ships. A binding contract won’t be signed until at least one year from now.

"We put our good names and trust in each other into it. We both have our hand on the hotplate," said Maersk climate lead Morten Bo Christiansen on Wednesday. | Photo: Maersk PR

It could be at least one year before binding signatures are made on the major agreement between Maersk and the six companies that will supply green methanol to the shipping group’s vessels.

So far, the agreement manifests as a letter of intent, mainly because of the uncertainty surrounding the deal.

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