A.P. Møller Foundation funds new zero-carbon fuel research center
A.P. Møller Foundation Funds New Zero-Carbon Fuel Research Center
June 25,2020 — JOC.Com
Maersk’s majority shareholder, the A.P. Møller Foundation, has donated $60 million in start-up funding for a not-for-profit research center tasked with finding shipping’s sustainable fuel of the future. The Maersk Mc-Kinney Møller Center for Zero Carbon Shipping, which opened Thursday in Copenhagen, was launched with founding partners A.P. Møller-Maersk, ABS, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Lines, and Siemens Energy. Its mission is to accelerate the drive to decarbonize shipping, responsible for almost 3 percent of global carbon emissions, and attract the investment required to identify a fuel that can be produced at scale, research center CEO Bo Cerup-Simonsen told JOC.com.