German shipowner Hapag-Lloyd has agreed to offtake up to 250,000 tonnes of biogenic and green hydrogen-based methanol per year from Chinese firm Goldwind.
Hapag-Lloyd is expected to use green methanol to reduce the greenhouse gas emissions of its fleet by around one-third compared to 2022 levels. H2 View understands that the supply could save 400,000 tonnes of CO2 equivalent emissions per year.
Rolf Habben Jansen, CEO of Hapag-Lloyd, said, “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.”
The CEO added, “It is and remains our ambition to play a leading role in the transformation of the liner shipping industry.”
Goldwind is currently planning to build a new green methanol factory adjacent to its existing facility in Hinggan, China. Additionally, the firm will deliver early green methanol volume in 2026.
Goldwind has already begun construction of the 500,000 tonnes-per-year facility and it’s scheduled to be completed in 2027 – subject to a financial investment decision (FID).
“The planned new factory will share technology, utilities, facilities and infrastructures with its neighbouring sister plant, boosting production efficiency,” explained Liu Rixin, Head of Goldwind Green Methanol.
H2 View understands that Danish shipbuilder Maresk also contracted 500,000 tonnes a year of green methanol offtake from Goldwind in November 2023.
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