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Prime Infrastructure Holdings, Inc. (Prime Infra) welcomed the investment of Maersk in US-based WasteFuel Global as the container shipping firm commits to decarbonize its fleet. Prime Infra, the infrastructure arm of the Razon group, is a shareholder and has been part of the WasteFuel company since February 2021.

“Prime Infra is incredibly pleased to have Maersk join WasteFuel Global. Maersk adds to the line-up of impactful shareholders working towards a greener and cleaner future of mobility,” said Prime Infra President Guillaume Lucci, also a member of WasteFuel’s Board of Directors.

Maersk’s investment will help WasteFuel develop biorefineries that would turn waste into low-carbon sustainable fuels.

“Collaboration and partnerships are key to scaling the production and distribution of sustainable fuels, and we look forward to doing exactly that with WasteFuel; exploring 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.

“We’re proud to have partnered with Maersk to usher in an era of more environmentally conscious sea transport. Our goal is for WasteFuel to reduce lifecycle greenhouse gas emissions by 90% compared to fossil fuels,” said Trevor Neilson, WasteFuel’s co-founder, chairman and CEO.

In the Philippines, Prime Infra will be putting up a biorefinery plant in Luzon. Eyed to be operational by 2025, the plant will convert municipal waste into green fuels, including aviation fuels.

“Our project is progressing well and continues through the various phases of feasibility, which we expect to be concluded this year. We are excited to launch this project that will both address the waste crisis and reduce carbon emissions from the transport sector,” Lucci said.