Maersk aims to power 20% of its fleet with alternative fuels by 2030, focusing on green methanol and bio-methane. The shift supports its net-zero 2040 target but faces cost and supply challenges.
A.P. Moller-Maersk has set a bold goal to power up to 20% of its fleet with alternative fuels by 2030, a key milestone in its strategy to achieve net-zero emissions by 2040.
“We would probably look at 15% to 20% green fuel or renewable fuel in 2030,” said Emma Mazhari, Maersk’s Vice President and Head of Energy Markets, who emphasized the importance of advancements in energy efficiency to meet the target.
Currently, Maersk uses 10-11 million metric tons of fuel oil equivalent annually, with only 3% coming from alternative sources. To scale up, the company is prioritizing biodiesel, green methanol, and bio-methane. “Green methanol is going to feature very heavily, and bio-methane as well,” Mazhari explained, noting the growing production of bio-methane in Europe and North America as a promising solution.
The company’s commitment to innovation is evident in its fleet expansion. Maersk has introduced dual-fuel methanol vessels capable of carrying 16,000 cubic meters of methanol—enough for a round trip from Asia to Europe. By the end of 2025, 18 such ships will join its fleet.
However, the transition comes with significant challenges. “Alternative fuels cost more than double conventional fuels,” said Ditlev Blicher, Maersk’s President for Asia Pacific. Addressing the supply-demand gap, Maersk has partnered with LONGi Green Energy Technology to source bio-methanol starting in 2026. Despite the hurdles, Maersk’s push for green fuels underscores its commitment to transforming the shipping industry.
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