CIMC Enric Holdings Limited and its subsidiaries have partnered with global container shipping and logistics giant A.P. Moller – Maersk to launch a biomass green methanol pilot project.
By taking advantage of CIMC’s key equipment and core process technologies, the project will facilitate the landing of Maersk’s first generation of green container vessels.
The two sides have signed a Memorandum of Understanding (MOU) online to explore long-term cooperation in the clean energy field, focusing on green methanol.
Under the agreement, CIMC Enric will assist Maersk container vessels’ green methanol fuel transformation through innovative and green technologies. The first phase will comprise a strategic pilot project involving 50,000 tonnes/year of green biomass methanol. The production capacity for the phase II project is expected to reach 200,000 tonnes/year.
According to the Development Plan for Petrochemical and Chemical Industry (2016-2020) by the Ministry of Industry and Information Technology of China, the country’s traditional methanol chemical market currently totals about 50 million tonnes/year with an annual growth rate of about 8.8%.
Yang Xiaohu, GM of CIMC Enric, said, “As an extension of the hydrogen industry chain, green methanol has good market prospects in these areas.”
Jens Eskelund, China Chief Representative of A.P. Moller-Maersk, said, “Maersk is delighted to join hands with our strong Chinese partner CIMC Enric in our journey towards green and clean fuel transformation.”