German shipowner Hapag-Lloyd has entered into an agreement with Chinese firm Goldwind to procure up to 250,000 tonnes of biogenic and green hydrogen-based methanol annually. This move is part of Hapag-Lloyd's strategy to significantly reduce the greenhouse gas emissions of its fleet by around one-third compared to 2022 levels, amounting to potential savings of 400,000 tonnes of CO2 equivalent emissions per year. CEO Rolf Habben Jansen highlighted the company's commitment to the 1.5-degree target of the Paris Agreement and sustainable investments, aiming to achieve Net Zero fleet operations by 2045. Goldwind is set to construct a new green methanol factory in Hinggan, China, with plans for a 500,000 tonnes-per-year facility, expected to be operational by 2027 pending a financial investment decision. The project is designed for efficiency, sharing resources with an existing plant. Notably, Danish shipbuilder Maersk has also secured a green methanol offtake agreement with Goldwind, reflecting a broader industry shift towards sustainable shipping practices. The partnership between Hapag-Lloyd and Goldwind signifies a significant step in the transformation of the liner shipping sector towards greener fuel alternatives.