Can Maersk lead the charge to net zero by using methanol as a fuel?

With 90% of the world's trade being transported by sea, the cost to the environment is significant.  Following our focus on commercial sea travel in the last episode of The Interchange Recharged podcast, we now step onto the decks of Maersk, who are looking to alternative ways to power their engines.   Hydrogen has been seen as the go-to sustainable aviation fuel, but can it power the mammoth ships that transport our freight across the globe? Maersk, one of the largest global shipping companies, doesn’t seem to think so. They want to look elsewhere.   Jacob Sterling, head of ocean decarbonization and innovation at Maersk, joins us to discuss how the company is sailing towards climate neutrality by 2040 with a new fleet of vessels that run on green methanol, a low-carbon fuel.   Maersk is also focused on helping other companies lower their ocean shipping’s carbon footprint with an ECO Delivery service that uses second generation green biofuels, which reduce CO2 emissions by more than 80%.  What led Maersk to choose methanol fuel? How far along are they on the deployment of methanol-powered ships? How much are companies willing to pay to support the global effort for the energy transition? And how realistic are their goals? Tune in as Jacob takes us through the future of shipping fuel.  Remember to subscribe so you don’t miss a single show, and do let us know your thoughts and comments.    View the landing page to hear all episodes of The Interchange Recharged.  The Interchange podcast is brought to you by Schneider Electric.  Are you looking for more energy control but worry about the upfront costs of a microgrid and renewables? Schneider Electric have you covered. Schneider Electric offers Energy as a Service for customers like you who spend $40,000 or more each month on energy. With Energy as a Service, you get customized solutions to help you meet goals for sustainability, efficiency, and cost control —including a microgrid and adjacent energy infrastructure. They also handle every step of the process and assume financial and operational risks.  Upgraded electrical equipment. Reduced emissions. Predictable long-term pricing. Energy as a Service provides all this, and more.  Visit se.com/us/eaas to find out if Energy as a Service is right for you.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Clean tech, green finance and energy innovation are the three lanes on the road to a successful global energy transition. At the intersection of these lanes is a place where ideas on finance, technology and policy are shared and debated. That intersection is Interchange Recharged.  Sylvia Leyva Martinez, principal analyst at Wood Mackenzie, invites visionaries, entrepreneurs, policy-makers and energy analysts to explore the newest developments in renewable technology, explain the ideas on global energy policy that could accelerate the energy transition, and identify new funding and financial models that could solve the biggest challenges we face on the way to net zero.  Sylvia and her guests bring you data and forecasts on clean technology, climate science, and offer predictions on the build out of utility-scale projects and the future of green finance. What impacts do the annual UN Conference of the Parties have on decarbonisation goals and climate change? What will COP30 bring? What’s happening in global EV adoption and development? What’s the forecast for solar energy, one of the major success stories of renewable energy in the last ten years? What does the data tell us about the future of hydrogen, of nuclear, or of low-carbon power?  These are examples of the insights and detailed analyses you can expect bi-weekly on Tuesdays at 7am ET.  If you like The Energy Transition Show, Catalyst with Shayle Kann, The Big Switch from Columbia University, Open Circuit with Stephen Lacey or The Green Blueprint, you’ll enjoy Interchange Recharged.  Want to get involved with the show? Reach out to podcasts@woodmac.com to: Bring Sylvia and Interchange Recharged to your event Be a guest on the show  Sponsor an episode Ask a question to Sylvia or one of our guests  Check out another leading clean tech global podcast by Wood Mackenzie, Energy Gang, at woodmac.com/podcasts/the-energy-gang Wood Mackenzie is the leading global data and analytics solutions provider for renewables, energy and natural resources. Learn more about Wood Mackenzie on the official website: https://www.woodmac.com/