Tuesday, April 27, 2021

Zero Carbon Partnership Gains Another Shipping Interest Member

Battle Against Pollution is On
Shipping News Feature

WORLDWIDE – Mitsui & Co., Ltd. (Mitsui) has become a Strategic Partner of the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS), a not-for-profit international research and development centre dedicated to the decarbonisation of the shipping industry.

The reduction of greenhouse gas (GHG) emissions is an important priority for the shipping industry, and the International Maritime Organization (IMO) has set a target of halving GHG emissions relative to the 2008 level by 2050. Toward achieving this IMO target, the use of alternative fuels, such as hydrogen, ammonia, methanol, and biofuels, has been attracting attention.

However, a number of issues will need to be overcome before these fuels can be used on a practical basis, including technological development, supply capacity, and economic viability. It will also be necessary to verify their practicality across entire supply chains.

Through collaboration with the shipping industry across the supply chain, the MMMCZCS will aim to carry out R&D and develop practical solutions relating to alternative fuels and new technologies related to ship operation.

In addition to the seven Founding Partners: American Bureau of Shipping (ABS), A.P. Moller-Maersk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, and Siemens; there are also six Strategic Partners Alfa Laval, Haldor Topsoe, Mitsui, NORDEN, Seaspan Corporation, and Total. For the MMMCZCS, Mitsui will plan and operate projects and also provide its knowledge throughout the entire supply chain.

One of the priority areas identified by Mitsui in its Medium-term Management Plan 2023 is ‘Sustainability Management; Evolution of ESG’, while the company's vision for 2050 calls for the achievement of net-zero emissions. Through the MMMCZCS, Mitsui will strengthen ties with the other partners participating in the MMMCZCS and will contribute to the achievement of an eco-friendly society through promotion of the decarbonisation of the shipping industry as essential infrastructure for a prosperous society.