Maersk joins Razon venture in waste-to-fuel project
Global integrated shipping firm Maersk is the newest
investor-partner to join the waste-to-fuel venture being advanced by Razon-led
Prime Infrastructure Holdings Inc.
In a statement to the media, Prime Infra indicated that
Maersk’s investment into the waste-based fuel production project will become
part of the shipping company’s decarbonization initiative on its fleets.
According to Guillaume Lucci, president of Prime Infra,
“Maersk adds to the line-up of impactful shareholders working towards a greener
and cleaner future of mobility.”
The US-based WasteFuel Global has been the initial partner
of the Razon group in that waste-to-fuel undertaking; and Lucci is also a
member of the board of directors of the American company.
Prime Infra emphasized that Maersk’s investment “will help
WasteFuel develop biorefineries that would turn waste into low-carbon
sustainable fuels.”
There’s no specific amount given yet as to the scale of
investment that the Danish shipping company will be injecting into the project.
Morten Bo Christiansen, vice president and head of
decarbonization of A.P. Moller-Maersk, said “collaboration and partnerships are
key to scaling the production and distribution of sustainable fuels, and we
look forward to doing exactly that with WasteFuel.”
He qualified their company has been “exploring potential
future green solutions, not just for our vessels, but also for Maersk aviation
and trucking activities.”
Prime Infra announced this year its plan to install a
biorefinery facility in Luzon; and it is targeting to bring that to commercial
fruition by year 2025. As cast on blueprint, the plant will convert municipal
wastes into green fuel – and that shall include fuel solutions for aviation
fleets.
Lucci noted “our project is progressing well and continues
through the various phases of feasibility, which we expect to be concluded this
year.”
Then from that milestone, the project-sponsor company said
it is targeting the venture’s official launch- as this is an undertaking that
“will both address waste crisis and reduce carbon emissions from the transport
sector.”
Trevor Neilson, chairman & CEO and also a co-founder of
WasteFuel, expressed enthusiasm on the partnership that their company has
cemented with Maersk, with him asserting that such will usher in “an era of
more environmentally conscious sea transport.”
He added “our goal is for WasteFuel to reduce life-cycle
greenhouse gas emissions by 90-percent compared to fossil fuels.”
Comments
Post a Comment