You've probably bought something that traveled on a Maersk ship this year.Md Manik/SOPA Images/LightRocket Large companies, like Maersk, are transitioning to cleaner fuels, but existing supplies are limited. Wastefuel, an energy company, has agreements to develop low-carbon fuels for companies, like Maersk. Wastefuel believes demand for low-carbon fuels can help it become as large as BP in 10 years. Chances are that if you bought a couch, appliance, or anything made overseas this past year, it was shipped to the US on a Maersk vessel.To keep up with the unrelenting supply-chain crisis, the Danish shipping giant ordered eight ocean-going vessels that would run on carbon-neutral methanol in 2024.
Energy Company Wastefuel Expects To Be As Big As Bp In 10 Years. Here's How It Plans To Get There.
kho@insider.com (Karen K. Ho), Business Insider
Mon, 12/06/2021 - 11:31am
Topics: md manik/sopa images/lightrocket large chances danish south korea's hyundai heavy industries co2 british trevor neilson in november series a investors marc benioff salesforce getty the us neste mexico glasgow business insider maersk wastefuel us neilson ceo series a netjets philippines big plans energy company bp in years low-carbon companies fuels production million methanol gallons oil renewable world demand agreements billion shipping climate engineers amount french-fry reference neutral believes giant aviation bought price biodiesel raise funding produce carbon early natural vessels green gas products including
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