Maersk Invests in Prometheus Fuels

3 mins read  Sealuminati TeamSeptember 25, 2021

AP Moller-Maersk has announced that Maersk Growth, its infrastructure, has made a significant investment in Prometheus Fuels, a Silicon Valley-based start-up with promising direct air-conditioning technology to provide affordable, neutral carbon for fuel shipping.

From this announcement: A few investments in Prometheus Fuels will support the work of A.P. Moller - Maersk to implement a strategy to determine the performance of ships at sea. Maersk expects several fuels to be present next to the future fuel mixture and identifies four fuel-efficient fuels; biodiesel, alcohol, lignin-enhanced alcohol, and ammonia.

The investment supports Maersk's efforts with fossil fuels, including alcohol produced by renewable energy. Along with biodiesel, alcoholic beverages that include raw methanol are technological advances available today.

Morten Bo Christiansen, head of the chemical classification at A.P. Electro oil, is expected to play a significant role in shipping. If successfully manufactured, Prometheus Fuels' technology will address a significant carbon-oil crisis: competition for direct aviation costs. Prometheus Fuels is an energy-efficient CO2 filter that uses water, electricity, and nanotube membranes to produce commercially viable fuels. When powered by renewable energy sources, e-fuels produced by these wind turbines do not provide continuous smoke, making them neutral.

In addition to Maersk, Prometheus also received sponsorship from American Airlines and BMW. In June 2020, BMW announced a U.S. $ 12.5 million investment in Prometheus Fuels. American Airlines has also agreed to buy up to 10 million litres of jet fuel produced.