TOKYO -- Danish shipping group A.P. Moller-Maersk, the world's second-largest container shipping company, and Japan's Mitsubishi Gas Chemical will build Japan's first supply base for green methanol, an emerging fuel expected to help decarbonize shipping, at the port of Yokohama, southwest of Tokyo, Nikkei has learned.
The two companies and the City of Yokohama, owner of the port, will soon sign a memorandum of understanding for the project. They plan to start supplying the fuel to Maersk and other vessels by the end of next year. The fuel will be procured from overseas by the Danish conglomerate, as well as from a Mitsubishi Gas plant in Niigata prefecture, north of Tokyo.
