IBLAC attendees share thoughts on Shanghai's green development

Maersk has decided on green methanol as the preferred near-term solution to enable green shipping. As the world's largest port and a key node in Maersk's global network, it has been an obvious decision for Maersk to seek to identify partnerships in Shanghai. Fortunately, the aspirations of Maersk in terms of enabling green shipping are aligned with the thinking of institutions in Shanghai, and Maersk has found a partner in Shanghai in the Green Technology Bank (GTB). Together with GTB, Maersk hopes to take the lead in building the first biomass methanol production plant in in Shanghai. The first phase of the project is expected to be put into operation in 2024. The plant is expected to be the largest biomass methanol manufacturing plant in China at present.