Enrique Razon-led Prime Infrastructure Holdings, Inc. (Prime Infra) announced global container shipping firm Maersk’s investment in its waste-to-energy (WTE) project in the country.
Maersk particularly partnered with California-based WasteFuel Global, in which Prime Infra is a shareholder, in a bid to decarbonize its fleet.
In a statement, Prime Infra said that Maersk’s investment will help WasteFuel develop its biorefinery plant in Luzon, as well as in other countries, that aim to turn waste into low-carbon sustainable fuels. The Luzon project, eyed to be operational by 2025, would convert municipal waste into green fuels, including aviation fuels.
Maersk’s investment, according to Prime Infra President and Director Guillaume Lucci, adds to the line-up of impactful shareholders working towards a greener and cleaner future of mobility.
“Our project is progressing well and continues through the various phases of feasibility, which we expect to be concluded this year,” added Lucci, who is also a WasteFuel Director.
“Collaboration and partnerships are key to scaling the production and distribution of sustainable fuels, and we look forward [to explore] potential future green solutions not just for our vessels, but also for Maersk aviation and trucking activities,” said Morten Bo Christiansen, A.P. Moller – Maersk’s vice president and head of decarbonization.
The Department of Energy is now in the process of finalizing its WTE circular after gathering comments from stakeholders. On the other hand, the Ecowaste Coalition criticized the draft document, saying that it circumvents Republic Act 8749 or the Clean Air Act, which bans incineration.