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MAERSK REITERATES ITS DECARBONISATION STRATEGY

Thursday, February 20, 2020 

The 2019 Annual Report from A.P. Møller-Maersk looks forward to the company's strategy for efficiency gains and decarbonisation.

“We have begun a journey towards having net-zero CO₂ emissions from our own operations by 2050.," said Søren Skou, CEO.

In the shorter term, Maersk's focus continues to be on efficiency gains, with a target of a 60% reduction in CO₂ emissions. For 2019, the company by 2030 compared to 2008. From 2019, the company reached 41.8% relative reduction in 2019, compared with 2008 levels as per IMO targets, through efforts such as technical retrofits of vessels, as well as optimisation of vessel operations and route planning.

According to Skou, one of the main challenges in the container logistics industry is too many and too complex paper-based processes and lack of common industry standards for data flow. Maersk is therefore taking a lead to digitally transform core processes in the industry, focusing on digitalisation of the entire supply chain to achieve overall efficiency gains.

Recognising that shipping operations are by far the biggest contributor to the group's carbon emissions, towards 2023 the company plans to invest in developing fuel solutions within each of three future fuels - alcohol (ethanol and methanol). biomethane and ammonia ' in order to meet its deadline of a commercially viable net-zero vessel at sea by 2030. " Our door remains open to other ideas and options, however," the report states.

The group has  collaborated with Lloyds Register, University Maritime Advisory Services and DTU, Danish Technical University of Denmark, resulting in the development of three working hypotheses for the fuels of the future: alcohol (ethanol and methanol). biomethane and ammonia.

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