Maersk and Xcel join Shell in setting targets

Following the announcement by Shell that it will link executive pay to carbon-reduction, logistics company Maersk and US electric power company Xcel Energy have pledged to cut their carbon emissions to zero by 2050.

For Maersk, this means that it must create carbon-neutral vessels for shipping that are commercially viable by 2030. Maersk is putting its efforts towards solving problems specific to maritime transport, as it calls for different solutions than automotive, rail and aviation. The yet to come electric truck is expected to be able to carry a maximum of two twenty-foot equivalent units (TEU) and is projected to run 800km per charging. In comparison, a container vessel carrying thousands of TEU sailing from Panama to Rotterdam makes around 8,800 km. With short battery durability and no charging points along the route, innovative developments are imperative.

“The only possible way to achieve the so much needed decarbonisation in our industry is by fully transforming to new carbon-neutral fuels and supply chains,” noted Søren Toft, chief operating officer at AP Moller - Maersk.

In 2019, Maersk is planning to initiate open and collaborative dialogue with all possible parties to help develop the required technologies.

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