Maersk, who is by far the largest shipping container company have future plans of cutting completely on the heavy fuel oil and only using methanol. They are confident about the reduction in gases which affects the earth environment. But for that happen they need quite large quantity of methanol to drive their industry.
For such purpose they have decided to invest in a startup named as WASTELAND, which converts the waste in to Bio Fuels like methanol. By doing so, they are also solving the problems that are associated with waste that is being produced worldwide. This investment is made through Maersk Growth, the corporate venture arm of A.P. Moller – Maersk.
Maersk have already bought Methanol Fired ships that are due for the year 2023 and they are planning for decarbonization in the coming years.