Maersk to use up to 20% alternative fuels for its fleet in 2030

A.P. Moller-Maersk, a global shipping leader, is targeting up to 20% of its marine fuel consumption to come from alternative sources by 2030. This move is critical to the company’s goal of achieving net-zero emissions by 2040.

Maersk consumed 10-11 million metric tons of fuel oil equivalent in 2022, with only 3% from alternative fuels. To scale up, the company is focusing on biodiesel, green methanol, and bio-methane.

The company launched its latest dual-fuel methanol vessel, capable of carrying 16,000 cubic meters of methanol—enough to journey from Asia to Europe and back. By the end of next year, 18 such ships will join Maersk’s fleet.

To bridge the supply gap, Maersk has partnered with China’s LONGi Green Energy Technology to procure bio-methanol starting in 2026. However, with green methanol demand outpacing supply and its lower energy density requiring more fuel volume, scaling up will require significant investment and innovation.