Maersk Strikes Deal With Chinese Firm to Buy Methanol for Green Vessels

What’s new: Chinese wind-turbine maker Xinjiang Goldwind Science & Technology Co. Ltd. (002202.SZ) has won a long-term contract to supply green methanol to A.P. Moller-Maersk A/S, as the Danish container shipping giant works to cut its emissions and provide low-carbon shipping services.

Under the agreement, Goldwind will supply 500,000 tons a year of methanol made using wind energy produced at its proposed facility in the prefecture of Hinggan League, Inner Mongolia autonomous region, some 1,000 kilometers northeast of Beijing, A.P. Moller-Maersk said in a statement on Wednesday. The value of the deal was not disclosed.