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Tag: Ammonia

Maersk bets on methanol

While the past couple of years have seen considerable excitement and momentum concerning the use of blue/green ammonia as a fuel, an announcement in August by Maersk, the largest shipping company in the world, has served once again as a useful reminder that ammonia is not the only candidate molecule. Maersk said on August 24th that it is ordering eight methanol powered vessels from South Korea’s Hyundai Heavy Industries at a total cost of $1.4 billion. Each giant ship will have the capacity to carry 16,000 twenty-foot [container] equivalent units (TEUs).