A.P. Moeller Maersk (MAERSKB) A/S, the world’s biggest container ship owner, is leading its industry in developing biofuels made from organic waste that could cut its carbon emissions and reduce a $6 billion-a-year fuel bill. Maersk (MAERSKB) is conducting tests with companies including Man Diesel & Turbo SE and two Danish universities to develop clean fuels tailored for ships and has worked with the U.S. Navy to run vessels using fuel produced from algae, encountering “very few problems,” said Jacob Sterling, head of climate and environment at Maersk, which is based in Copenhagen. “The beauty of biofuels is that they work with the engines as they are today,” Sterling said in an interview. “There is a very, very strong link between reducing emissions and reducing costs.”
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