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.