Shippers Turn to Green Methanol to Reduce Maritime Emissions But Supply Challenges Remain

Major shippers like Maersk and Cargill are adopting vessels powered by methanol and wind to cut emissions.
The UN's maritime organization has set goals to cut shipping emissions 50% by 2050.
Methanol-powered ships cost more but costs are expected to fall as production scales up.
Green methanol production capacity is currently limited, especially near major ports.
To meet climate goals the industry aims to boost green methanol output and reduce costs over the next two decades.