The environmental footprint of shipping, a crucial cog in the global economy, is significant.
has invested in WasteFuel, a California-based start-up centered around the conversion of agricultural and municipal waste into fuels, in order to "develop green bio-methanol production in the Americas and Asia."
The company's investment is being made through its corporate venture arm, Maersk Growth. Its value was not disclosed in the announcement. Morten Bo Christiansen, Maersk's head of decarbonization, is to join WasteFuel's board as part of the deal. Collaboration and partnerships were "key to scaling the production and distribution of sustainable fuels," Christiansen said.Berkshire HathawayIn a statement at the time, NetJets said it had made a commitment to buy a minimum of 100 million gallons of sustainable aviation fuel from WasteFuel across the next 10 years.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phillip Schofield jokes 'touch-ups are back' as he returns to This MorningPhillip Schofield and Holly Willoughby returned to This Morning on Monday and Phillip was excited to reunite with one colleague in particular.
Read more »
On Warren Buffett’s 90th Birthday, Private Wisdom From The Oracle—Delivered In 90 Seconds FlatNext year will mark a decade for the Forbes 400 Summit on Philanthropy, our annual meeting of 150 or so of the world’s biggest givers and greatest problem-solvers.
Read more »
RHOBH’s Erika Jayne and Tom Girardi’s Divorce, Legal Woes: Everything We Know‘Real Housewives of Beverly Hills’ star Erika Jayne filed for divorce from powerhouse attorney Tom Girardi in November 2020 — here’s everything we know
Read more »
Insurance start-up Marshmallow becomes Britain's first Black-owned unicornJust 0.2% of venture capital funding went to Black entrepreneurs in the U.K. between 2009 and 2019, according to Extend Ventures.
Read more »
Just a Lil Deep Dive Into Travis Barker's 87 Tattoos (...That We, Like, Even Know About)We did a deep dive into literally all of Travis Barker's tattoos (including the cover-ups he's gotten) and the super personal stories behind the designs.
Read more »