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HomePosts Tagged "decarbonisation"
Collaborations, Company News, Europe, Logistics, Sustainability, Transportation

Commercially viable long-term offtake agreement for annual volumes of 500KT to enable low carbon operations for the first 12 large methanol-enabled Maersk vessels on order.

The offtake agreement between A.P. Moller – Maersk and Chinese developer Goldwind, a global leader in clean energy, reaches into the next decade and marks the first large scale green methanol offtake agreement for the global shipping industry.

This deal is a milestone for Maersk as it enables us to significantly reduce our emissions footprint in this decade and stay aligned with the 1.5-degree Celsius trajectory as set out in the Paris Agreement, ensuring continued supply of low carbon shipping services to our customers in the second half of this decade. The volumes combine a mix of green bio-methanol and e-methanol, all produced utilising wind energy at a new production facility in Hinggan League, Northeast China, around 1000km northeast of Beijing. Production is expected to begin in 2026. Following this signed offtake agreement, Goldwind expects to confirm a final investment decision for the facility by the end of the year.

A.P. Moller – Maersk will take delivery of its first large ocean-going methanol-enabled vessel (16,000 TEU) in the first quarter of 2024 and is diligently working on sourcing solutions with a broad range of global partners for the entire vessel series being delivered in 2024-25.

Rabab Raafat Boulos, Chief Infrastructure Officer at A.P. Moller – Maersk said, “A.P. Moller – Maersk aims to reach net-zero greenhouse gas emissions by 2040 across its business. The deal significantly de-risks the initial stages of Maersk’s net-zero journey and supports expectations for a competitive green methanol market towards 2030. The record-high volumes can annually propel more than half the methanol-enabled capacity Maersk currently has on order.”

“Goldwind respects Maersk as a pioneer in the field of maritime green fuel and we are excited to jointly promote the green transition with Maersk. With this project, Goldwind will continue to explore the innovative application of new technologies, pursue the organic combination of green electricity and green fuel production, and optimize the production process of green methanol. Goldwind is committed to collaborating with companies involved in the green methanol industry, with the aim to make green methanol one of the most important and economically feasible clean maritime fuels in the future”, said Wu Gang, Chairman, Goldwind

Rabab Raafat Boulos also mentioned that we are encouraged by the agreement because its scale and price confirm our view that green methanol currently is the most viable low-emission solution for ocean shipping that can make a significant impact in this decade. The deal is a testament to the momentum and vast efforts we see among ambitious developers driving projects forward across geographies, however, we still have a long way to go in ensuring a global green fuels market that can enable the decarbonisation of global shipping.

Commercially viable long-term offtake agreement for annual

Agrotech, India, R&D, Supply Chain

 Lab plans to conduct research in areas such as decarbonisation, circular economy and sustainable procurement.

India’s leading integrated multimodal logistics and supply chain solutions provider, Transport Corporation of India Ltd. (TCI Group), in collaboration with Indian Institute of Management Bangalore (IIMB), launched a new sustainability lab at the IIMB campus on April 28 with a focus on supply chain management. The TCI-IIMB Supply Chain Sustainability Lab (TCI-IIMB SCSL) will be a one-of-its-kind centre of excellence in sustainable supply chain practices, dissemination and advocacy.

The TCI-IIMB Supply Chain Sustainability Lab plans to conduct research in areas such as decarbonisation, circular economy and sustainable procurement, and publish white papers on sustainable supply chain management topics. It will also offer consulting services on carbon-related mapping, measurement, mitigation and management. Moreover, it targets to provide certification and assessment services, such as supplier sustainability assessment. It has already initiated research projects, white papers and case studies, and is partnering with other organisations such as WRI India, Herbal Life, etc.

This new lab is a testament of IIMB’s commitment to academic excellence, research and innovation in the areas of sustainability and supply chain. It will be a vital resource for the academic community and the wider business fraternity.

The lab was inaugurated by renowned Indian cardiac surgeon Dr Devi Prasad Shetty, Chairman and Executive Director of Narayana Health and Chairperson, Board of Governors, IIMB, along with DP Agarwal, Chairman of Transport Corporation of India.

Dr Devi Shetty pointed out that Supply Chain is an important foundation on which the development of nations depends. “Our government has made several regulatory changes addressing many hurdles in this domain. However, two issues remain – sustainability – in terms of pollution control and efficiency – in terms of digitalization, are two key areas that need to be addressed. A lab like the TCI-IIMB Supply Chain Sustainability Lab will fill this gap and come up with brilliant solutions for these issues, while also contributing to bringing down diseases caused by pollution and reducing costs.”

DP Agarwal unveiled the logo and stated that the lab is aligned to IIMB’s ethos of sustainability in fostering excellence in management, innovation and entrepreneurship. “In a structured and professional way, the lab will help foster green practices, which will deliver positive outcomes.”

Prof. Rishikesha T Krishnan, Director, IIM Bangalore spoke about the objective of setting up such a lab at the institute. “IIMB’s Supply Chain Management Centre has close interaction with the industry, which also results in various live projects for our students as well. In today’s globalized world, the impact of sustainability and digitalization on supply chains is part of business strategy. As we move into two new areas – impact of digitalization on supply chains, and bringing in sustainability into all aspects of supply chains, a lab like this has special significance.”

The inauguration also saw Vineet Agarwal, Managing Director of TCI Group, launching the beta version of a GHG Measurement Tool. This tool named TEMT has a multi-lingual interface, enabling the grassroots level adoption by India’s logistics and supply chain ecosystem. It covers all modes of transportation, that is, road, rail, air and sea.

In his address, Vineet Agarwal spoke in detail about the Transportation Emission Measurement Tool. “You cannot improve unless you measure. Investors, customers, and regulators all want us to measure, monitor and mitigate emissions. As a nation and business community in India, we encountered two challenges in mitigating emissions from transportation: the lack of proper transportation emission factors and a tool to measure such emissions. There was no ready reference. This tool will address both the issues. We believe that this lab will build a community of problem solvers, by combining research with industry expertise, helping us address the challenges in a clean and green way.”

 Lab plans to conduct research in areas