HIGHLIGHTS
- Maersk set a goal of zero net greenhouse gas emissions by 2040, a decade ahead of its previous objective of 2050, earlier this year.
- By joining SteelZero, Maersk joined forces with other like-minded companies to pledge to “buying or stockpiling 100 percent zero-emission steel by 2050.”
- Maersk will concentrate on recycling overdue ships in order to meet its stated target. Nearly the next ten years, Maersk intends to recycle over 700 ships.
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Maersk has committed to using carbon-free steel in its manufacture
A.P.Earlier this year, Maersk showed off his ambitions by aiming to achieve zero net greenhouse gas emissions by 2040, a decade ahead of its original 2050 target. Moller-Maersk, a Danish transport and logistics company, recently announced its participation in Climate Group SteelZero, a global initiative to accelerate the transition to stainless steel, in collaboration with Responsible Steel, the steel industry’s first global multi-stakeholder certification and standards initiative.
The steel industry is one of the largest global CO2 emitters after cement. According to the International Energy Agency, steel contributes 7% of global greenhouse gas emissions. Maersk set a goal of zero net greenhouse gas emissions by 2040, a decade ahead of its previous objective of 2050, earlier this year.
Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk said that “Steel is an integral part of our value chain. We use it in our ships, containers, terminals, and warehouses and therefore, it is a pivotal part of our decarbonization efforts.”
By joining SteelZero, Maersk joined forces with other like-minded companies to pledge to “buying or stockpiling 100 percent zero-emission steel by 2050.” Maersk will also work on developing a policy framework for responsible steel production and supply at the same time.
Maersk is the first shipping business in the shipping sector to commit to creating carbon-free steel, according to Jen Carson, head of the Climate Group, a non-profit group that addresses climate change challenges.
Maersk is focused to ship recycling
Maersk will concentrate on recycling overdue ships in order to meet its stated target. Nearly the next ten years, Maersk intends to recycle over 700 ships. The majority of the more than 700 ships are panamaxes (cargo ships with a tonnage of 55,000 DWT to 80,000 DWT), with steel accounting for almost 90% of the ship’s weight.
Mr. Palle Laursen, VP & CTO high level at Maersk Palle Lauren said that “Global ship recycling volumes are projected to nearly double by 2028 and quadruple by 2033. Recycled steel will progressively be recognised as a viable raw material for steel consumers with net-zero emissions targets.”
The Recycling Transparency Initiative, founded by Maersk, is a platform that links carriers (SRTI). The platform’s purpose is to speed the approach to responsible ship recycling that was started in 2018. CMA CGM, Hapag-Lloyd, Evergreen, and NYK Line are among the companies that have joined the platform.
Huyen Tu
Maersk: Ambition to take the lead with eco-friendly businesses
