Maersk Growth to invest in WasteFuel.

Maersk Growth, a venture capital firm, agreed to invest in WasteFuel, an operator of an integrated bio-refinery dedicated to redefining old waste management practices. Financial terms were not disclosed. Maersk’s investment will enable WasteFuel to develop biorefineries that utilise the most effective technologies available to produce sustainable fuels from unrecoverable waste that would otherwise degrade, and release methane and other harmful emissions into the atmosphere. "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," Morten Bo Christiansen, AP Moller-Maersk VP and Head of Decarbonisation.