Denmark/United States – Maersk has invested in California-based WasteFuel, a start-up focused on turning waste into sustainable aviation fuel, green bio-methanol, and renewable natural gas.
Maersk Growth, the corporate venturing arm of A.P. Moller – Maersk, is making this investment. WasteFuel will be able to create biorefineries that use the most advanced technologies to produce sustainable fuels from non-recoverable waste that would otherwise decay and emit methane and other harmful emissions into the atmosphere thanks to Maersk’s investment.
Green bio-methanol, according to Maersk, is one of the most promising future fuels since it can be scaled up and play a significant part in decarbonizing supply chains within the next 10-15 years. We assess the sustainability of each feedstock and project, as well as the emission reductions, using a lifecycle analysis that includes all greenhouse gases.
WasteFuel is also working on projects in Asia and the Americas, including a low-carbon fuels biorefinery in Manila, Philippines. Berkshire Hathaway’s NetJets, the world’s largest private jet firm, has announced an offtake deal with the corporation.
By 2050, global supply networks can and must be carbon-free. One of the most essential methods to achieve a carbon-neutral fuel value chain is through collaboration and investments in innovative projects.
