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Shipping firm invests in Californian start-up backed by Warren Buffett

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Denmark’s Maersk 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.”

In an announcement Wednesday, the world’s largest container shipping firm explained its investment would enable WasteFuel to develop biorefineries and “produce sustainable fuels from unrecoverable waste that would otherwise degrade.”

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…



Source cnbc.com

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