The Danish Shipping Giant Maersk Has Announced Plans to Set Up Two Green Methanol Plants in Galicia, Spain
One of the aims of this proposed project is to produce 2 million tons of methanol by 2030. With that said, it will be one of the most significant and largest green gas production facilities in Spain. Maersk was recently announced as a general partner in the initiative to explore the possibility of setting up large-scale methanol production plants at two ports in Southern Spain.
In November, 2018, Maersk and the Spanish government announced an agreement that would begin construction of a new major container hub in Valencia by 2025. The Spanish government declared that this venture would require an investment of around 10 billion euros, create nearly 85,000 jobs, and would start working by 2025.
Maersk has a fleet of 19 e-ethanol ships that will be entering the market between 2023 and 2025. That would require around 750,000 tons of fuel.
This new project will aim to produce 200,000 tons of methanol per year by 2025. With further ramping up, the production will be increased to 1 million tons per year by 2027 and finally 2 million tons per year by 2030.
Maersk needs 6 million tons of methanol to achieve their 2030 emission goals. Methanol will also be needed to achieve their 2040 net zero goal, but that number is going to grow significantly.