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ClassNK joins as signatory to Call to Action for Shipping Decarbonization

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ClassNK joins as signatory to Call to Action for Shipping Decarbonization. Image: Unsplash
ClassNK joins as signatory to Call to Action for Shipping Decarbonization. Image: Unsplash
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Signatories of the Call to Action for Shipping Decarbonization urge world leaders to align shipping with the Paris Agreement temperature goal. The private sector is already taking important steps to decarbonize global supply chains. It is indispensable that governments deliver the policies that will supercharge the transition and make zero emission shipping the default choice by 2030.

Full decarbonization of international shipping is urgent and achievable. This is the clear message from more than 150 industry leaders and organizations representing the entire maritime value chain, including shipping, cargo, energy, finance, ports, and infrastructure. In conjunction with the UN General Assembly and ahead of critical climate negotiations at COP26 in Glasgow this November, they call on governments to work together with industry to deliver the policies and investments needed to reach critical tipping points in decarbonizing global supply chains and the global economy.

Signatories of the Call to Action for Shipping Decarbonization call on world leaders to:

Commit to decarbonizing international shipping by 2050 and deliver a clear and equitable implementation plan to achieve this when adopting the IMO GHG Strategy in 2023.

Support industrial scale zero emission shipping projects through national action, for instance by setting clear decarbonization targets for domestic shipping and by providing incentives and support to first movers and broader deployment of zero emissions fuels and vessels.

Deliver policy measures that will make zero emission shipping the default choice by 2030, including meaningful market-based measures, taking effect by 2025 that can support the commercial deployment of zero emission vessels and fuels in international shipping.
Signatories to the Call to Action for Shipping Decarbonization include some of the world’s largest actors in global trade, and ClassNK has joined. Taking this opportunity, Hiroaki Sakashita, President & CEO of ClassNK says “ClassNK commits to support both public and private approaches to zero emisssion by carrying out reliable regulatory service, developing broader certification service responding to emerging needs, and extending outcomes from partnerships with industry pioneers. With all our strengths, ClassNK will accompany the journey to shipping decarbonization.”

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MOL, MAN ES and MES-M sign Memorandum of Understanding

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MOL, MAN ES and MES-M sign Memorandum of Understanding. Image: MOL
MOL, MAN ES and MES-M sign Memorandum of Understanding. Image: MOL
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Mitsui O.S.K. Lines, Ltd. -MOL; President & CEO: Takeshi Hashimoto signed the Memorandum of Understanding with MAN Energy Solutions -MAN ES; CEO: Dr. Uwe Lauber; Headquarters: Augsburg and Mitsui E&S Machinery, Ltd. -MES-M; President: Ichiro Tanaka; Headquarters: Chuo-ku, Toky, to target the signing of purchase contract of an ammonia fueled main engine which is currently under development by MAN ES.

Ammonia is one of the top candidates as next-generation clean fuel that does not emit carbon dioxide. MOL addresses environmental issues in accordance with the “MOL Group Environmental Vision 2.1”, and continually strives to achieve net zero GHG emissions by 2050 and to deploy net zero emissions ocean-going vessels within the 2020s. MOL aim to order ammonia fueled main engine, a pioneer engine of net zero emission vessels aligned under this agreement, and to contribute to the realization of a decarbonized society.

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Maersk invests in Vertoro to develop green lignin marine fuels

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Maersk invests in Vertoro to develop green lignin marine fuels. Image: Maersk
Maersk invests in Vertoro to develop green lignin marine fuels. Image: Maersk
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Maersk Growth, the corporate venture arm of A.P. Moller – Maersk, invests in Vertoro – a Dutch start-up focused on developing liquid lignin technology which can be used as a marine fuel.

Maersk’s investment will be used to further develop and commercialise Vertoro’s patented liquid lignin technology, and it will enable Vertoro to build a demo plant, which will become operational in 2022. The output of this plant will be used to develop marine fuels in partnership with Maersk as well as other applications for the materials and chemicals markets.

The minority investment supports A.P. Moller – Maersk’s work to decarbonise marine operations. Maersk expects several fuel types to exist alongside each other in the future and has identified four potential fuel pathways to decarbonisation: biodiesel, alcohols, ammonia, and lignin-enhanced alcohols. Lignin is a class of complex organic polymers which form key structural materials in the support tissues of most plants.

“Lignin fuels have a promising potential when it comes to decarbonising shipping. We consider Vertoro to be a leading start-up in the sustainable biomass-to-liquids space and we are excited to invest in the company and become part of the efforts to effectively scale up production of green fuels. Furthermore, we believe that we can offer value beyond capital through the expertise and scale of the broader Maersk organisation.” Peter Votkjaer Jorgensen Partner at Maersk Growth.

Vertoro, founded in 2017, produces liquid lignin exclusively from sustainably sourced forestry and agricultural residues by means of a patented thermochemical process. Like fossil oil, liquid lignin can be used as a platform for fuel, chemical and material applications.

“Our goal is to offer competitive, sustainable products to cost and environmentally conscious customers worldwide; a model inspired by no-frills disrupters in other industries that today are among the most profitable in their sector. This investment will bring us closer to reaching this goal in close cooperation with our committed team, our investors, and our partners.” Michael Boot Co-founder & CEO at Vertoro.

The investment in Vertoro is the third investment in the fuels of the future from Maersk Growth in less than two months. In September Maersk Growth invested in WasteFuel, a start-up focused on turning waste into sustainable aviation fuel, green bio-methanol, and renewable natural gas. Later followed the investment in Prometheus which is developing a direct air capture-technology to enable cost efficient, carbon neutral electro fuels.

These investment activities underline how Maersk Growth has added green fuels as an additional sub-investment theme under their overall umbrella of supply chain investments. Furthermore, these investments are part of the A.P. Moller – Maersk journey to become carbon neutral by 2050. Maersk recently announced a total of nine vessels capable of running on green methanol.

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Swire Group joins Maersk Mc-Kinney Moller Center for Zero Carbon Shipping

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Swire Group joins Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. Image: Swire
Swire Group joins Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. Image: Swire
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John Swire & Sons Limited, the parent company of the Swire Group, and Maersk Mc-Kinney Moller Center for Zero Carbon Shipping signed a partnership agreement, committing to a long-term strategic collaboration around the development of safe and sustainable decarbonisation solutions for the maritime industry.

As a strategic partner, John Swire & Sons will be closely involved with the Center team and provide support in realising the Center’s transition strategy. Working together, they will explore opportunities to fund and research practical solutions to accelerate decarbonisation in the shipping industry.

John Swire & Sons will also join the Center Advisory Board guiding and contributing to the future development of the Center activities. As a multidisciplinary group Swire brings expertise across a diverse range of sectors and geographies, as well as valuable insights into regulatory and financing services.

In welcoming John Swire & Sons to the Center, CEO Bo Cerup-Simonsen says: “We welcome Swire to the Center with open arms and have great expectations of what we will achieve together. As a diversified company Swire brings experience and knowhow from a wide range of segments and can help us bridge learnings across disciplines and sectors which is essential when you are changing an entire business system.
We have a shared commitment to fight climate change through innovative and forward-looking solutions and I look very much forward to the collaboration!”

Sam Swire, Director of John Swire & Sons Limited says, “Next year, the Swire Group will have been involved in shipping for 150 years. Becoming a partner in the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is an exciting step for us. We are committed to a sustainable shipping industry and this partnership allows us to work together with like-minded organisations to help the industry achieve that goal. Together with our partners at the Center, we will collectively address decarbonisation issues, develop new technologies and
exchange views on sustainability best practices at an industry level. We look forward to a fruitful partnership with the Center.”

Shipping’s road map to decarbonisation

With 70.000 ships consuming m300Tons fuel p.a. global shipping accounts for around 3% of global carbon emissions, a share that is likely to increase as other industries tackle climate emissions in the coming decades.

Achieving the long-term target of decarbonisation requires new fuel types and a systemic change within the industry. Shipping is a globally regulated industry, which provides an opportunity to secure broad-based industry adoption of new technology and fuels.

To accelerate the development of viable technologies a coordinated effort within applied research is needed across the entire supply chain. Industry leaders play a critical role in ensuring that laboratory research is successfully matured to scalable solutions matching the needs of industry. At the same time, new legislation will be required to enable the transition towards decarbonisation.

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