Hapag-Lloyd has reached an agreement with Goldwind, a global strategic partner in clean energy with headquarters in Beijing, China, for the delivery of 250,000 tonnes of green methanol per year, according to the company's release.
The green methanol will consist of a blend of bio- and e-methanol, ensuring greenhouse gas (GHG) emissions reduction of at least 70 percent, and comply with all current sustainability certification requirements.
By 2030, Hapag-Lloyd aims to reduce the absolute GHG emissions of the fleet by around one third compared to 2022. Compared to conventional fuels, the ordered quantity of green methanol can save a total of up to 400,000 tonnes of CO2e emissions in fleet operations per year.
Goldwind is planning to build a new green methanol factory adjacent to its existing project in Hinggan League, China. Meanwhile, Goldwind will additionally deliver early volume scheduled in 2026.
Among other things, the five 10,100 TEU charter ships that Hapag-Lloyd and Seaspan are converting to a suitable methanol dual-fuel propulsion system in 2026 will be powered by green methanol. In addition to the recent investment decision for 24 new container ships with low-emission dual-fuel liquefied natural gas engines announced on November 6, the investment in green methanol is another step in Hapag-Lloyd’s efforts to prepare itself for a multi-fuel future and to drive the decarbonization of the liner shipping industry.
With a fleet of 292 modern container ships and a total transport capacity of 2.3 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. In the Liner Shipping segment, the company has around 13,700 employees and 399 offices in 139 countries. Hapag-Lloyd has a container capacity of 3.4 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 113 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. In the Terminal & Infrastructure segment, Hapag-Lloyd has equity stakes in 20 terminals in Europe, Latin America, the United States, India and North Africa. 3,000 employees are assigned to the Terminal & Infrastructure segment and provide complementary logistics services at selected locations in addition to the terminal activities.
Specializing in energy development, energy equipment, energy services, and energy use, Goldwind leverages its global network of scientific research innovation and best business practices to take renewable energy utilization and efficiency to new heights. As an SZSE and HKEX listed company, Goldwind has repeatedly been recognized as: “Corporate Climate Leader”, “Most Respected Company in Asia”, and “Best Investor Relations Company”, and awarded “Top 50 Most Innovative Companies in the World”, “Carbon Clean200”, “Top 500 Global New Energy Companies”, “New Fortune Best Listed Companies”, “Fortune Top 500 Chinese Companies, and other accolades.