Maersk Signs Long-Term Methanol Sourcing Deal

• The major deal with LONGi further confirms the ability of bio-methanol to achieve significant greenhouse gas (GHG) emissions reductions in this decade.
• The first volumes are expected in 2026.

Copenhagen, Denmark – A.P. Moller - Maersk (Maersk) has entered into a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Co., Ltd. The agreement will contribute to lowering GHG emissions from Maersk’s growing fleet of dual-fuel methanol container vessels.

With the addition of the LONGi volumes, Maersk is making progress in securing enough methanol for its owned dual-fuel methanol fleet of which 7 vessels are already in operation. Maersk’s combined methanol offtake agreements now meet more than 50% of the dual-fuel methanol fleet demand in 2027.

The agreement has evolved out of Maersk’s growing global alternative fuels portfolio of which several other methanol projects are currently in advanced stages of maturity.

The agreement with LONGi delivers bio-methanol produced at a facility in Xu Chang, Central China. The bio-methanol is produced from residues (straw and fruit tree cuttings). It will meet Maersk’s methanol sustainability requirements including at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil fuels*.

More about the bio-methanol agreement:

• Location: Xu Chang, Henan province (Central China)
• Developer: LONGi Green Energy Technology Co. Ltd is a global leading photovoltaic (PV) manufacturer, a developer of solar power projects, and a leading electrolyzer manufacturer. LONGi has partnered with Maersk for ocean and logistics services during its growth journey, making the agreement another milestone in the partnership between the two companies.
• Timing: First volumes are expected in 2026 with full production expected at the end of the decade.
• Duration: Long term deal – reaching into next decade.
• Production: The bio-methanol production will begin in 2026 and is produced from residues (straw and fruit tree cuttings). It will meet Maersk’s methanol sustainability requirements including at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil fuel of 94 g CO2e/MJ.
  * See Maersk’s methanol sustainability requirements here.

About Maersk

A.P. Moller - Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global leader in logistics services, the company operates in more than 130 countries and employs around 100,000 people. Maersk is aiming to reach net zero GHG emissions by 2040 across the entire business with new technologies, new vessels, and reduced GHG emissions fuels*.

*Maersk defines "reduced GHG emissions fuels" as fuels with at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil of 94 g CO2e/MJ.