Maersk’s investment will be used to further develop and commercialise Vertoro’s patented liquid lignin technology, and it will enable Vertoro to build a demo plant, which will become operational in 2022 at Chemelot, Geleen, the Netherlands. The output of this plant will be used to develop marine fuels in partnership with Maersk as well as other applications for the materials and chemicals markets.
The minority investment supports A.P. Moller – Maersk’s work to decarbonise marine operations. Maersk expects several fuel types to exist alongside each other in the future and has identified four potential fuel pathways to reduce the climate impact: biodiesel, alcohols, ammonia, and lignin-enhanced alcohols. Lignin is a class of complex organic polymers which form key structural materials in the support tissues of most plants.
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