BP joins zero-carbon shipping initiative
BP has agreed to come on board as a strategic partner of the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, the UK major reported on July 27.
The centre, formed last year by American Bureau of Shipping, A.P. Moller - Maersk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Siemens Energy, aims to develop zero-carbon solutions for the shipping industry, a sector that for decades has relied on fuel oil as its primary means of propulsion.
As a strategic partner, BP will second experts working on relevant research and development projects, and help develop methodologies and pathways for sustainable fuel solutions. It will also join the centre's advisory board, providing guidance on transition strategies and expanding the initiative's scope.
"The shipping industry’s transition to net zero is complex and requires technology advancements and policies that will give companies across the value chain the confidence to act," BP said. "This is a privileged opportunity to collaborate and advocate with key industry players to progress solutions at the pace and scale needed."
Together, the centre's members can de-risk investments and fast-track the decarbonisation of the shipping industry, the company said.
Many shipowners are adopting LNG as a nearer-term solution for reducing CO2 and minimise other emissions from propulsion, although further afield they are also looking at hydrogen, ammonia, methanol and other zero-carbon options. Shell recently entered a partnership to help Mediterranean Shipping Co decarbonise its operations, first using LNG and at a later stage hydrogen, methanol and bio- and synthetic LNG.