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07/11/2022at 10:16

Maersk criticizes oil firms of slowing down green transformation

Oil companies are hindering shipping’s green energy transition while the expansion of renewable fuel production capacity moves too slowly.
Maersk is disappointed that oil companies are holding back on producing green marine fuels, says Maersk's Head of Decarbonization, Morten Bo Christiansen. | Photo: Maersk PR
BY MARKETWIRE & SHIPPINGWATCH

The oil industry is standing in the way of a transition to clean energy in global supply chains, warns Maersk Head of Decarbonization Morten Bo Christiansen.

In an interview with the Financial Times, he calls for lower prices and better availability of green fuels.

The Danish shipping major has banked on green methanol as fuel for its CO2-neutral vessels.

”Today, we buy our fuel from the oil companies. But they have not offered us any green methanol at a price point we can accept,” Christiansen tells the Financial Times.

“You would have expected that your current supplier would help you find the new juice. But that has not been the case so far,” he adds.

Shipping companies, which are among the top-polluting companies in the world, have in recent years announced intentions to reduce carbon emissions.

Maersk has committed to achieve CO2 neutrality by 2040. The shipping group has furthermore launched a number of projects around the world to ensure that sufficient volumes of green fuels are produced.

The latest measure was made public last week, when the carrier announced a partnership with the Spanish government about examining the possibilities of large-scale production of climate-friendly marine fuels in the country.

English Edit: Kristoffer Grønbæk

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