Maersk signs first green methanol deal: Reuters

The world’s largest shipping company, A.P. Moller-Maersk said it secured green methanol with Denmark's REintegrate to produce roughly 10,000 tonnes of carbon neutral e-methanol.

"Yes, it's one vessel, but it's a prototype for a scalable carbon-neutral solution for shipping," Morten Bo Christiansen, Maersk's head of decarbonisation, told Reuters.

"Let's stop talking about fossil fuels and instead focus on scaling this prototype because it's actually solving the problem," he told the news agency which reported that he declined to give a time frame for when such a market would be realistic.

"Future vessels fitted with engines that can run on green methanol will be 10-15 percent more expensive for the first years," he told the agency.

"The good news is that because of the amount of oil we consume we can actually start shaping a market just on our demand," Christiansen told the news agency.