German liner Hapag-Lloyd has reached an agreement with Beijing-headquartered Goldwind for the delivery of 250,000 tonnes of green methanol per year. The green methanol will consist of a blend of bio- and e-methanol, ensuring greenhouse gas (GHG) emissions reduction of at least 70%, according to Hapag-Lloyd.
“As part of our Strategy 2030, we are fully committed to the 1.5-degree target of the Paris Agreement and therefore also to sustainable investments. With the agreement, we are securing a significant proportion of our requirements for green fuels. This will bring us an important step closer to our goal of achieving net-zero fleet operations by 2045. It is and remains our ambition to play a leading role in the transformation of the liner shipping industry,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
By 2030, Hapag-Lloyd aims to reduce the absolute GHG emissions of the fleet by around one third compared to 2022. Compared to conventional fuels, the ordered quantity of green methanol can save a total of up to 400,000 tonnes of CO2e emissions in fleet operations per year, according to Hapag-Lloyd estimates.
Goldwind is planning to build a new green methanol factory adjacent to its existing project in Hinggan League, China. Meanwhile, Goldwind will additionally deliver early volume scheduled in 2026.
Maersk, Hapag-Lloyd’s liner partner from next year, also has a methanol supply deal with Goldwind.
