Businesses unite to reduce global carbon emissions in the shipping industry

With the shipping industry committed to reducing its global carbon emissions by 2050, a group of companies in the shipping industry is taking the next step to develop new fuel types and technologies, launching the Mærsk Mc-Kinney Møller Center.  The initiative was started by ABS, AP Møller – Mærsk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Lines, and Siemens Energy and aims to achieve zero-carbon shipping.

The center, which will be a non-profit organization, will be based in Copenhagen, Denmark, and received an initial grant of DKK 400 million from the AP Møller Foundation. As an independent research center, it will work with the entire shipbuilding industry, academia, and authorities.  A highly specialized interdisciplinary team will collaborate globally to accelerate the development of decarbonized fuels, in addition to supporting the establishment of regulatory, financial, and commercial means to enable transformation, among other activities.

In addition, the center will have a board of directors to be chaired by Bo Cerup-Simonsen, a professional with a doctorate from the Technical University of Denmark in Mechanical Engineering, Naval Architecture, and a proven track record in large-scale industrial projects, marine technology, research, and innovation. The founding partner companies have a common commitment to decarbonize maritime transport. In addition, the founding partners will donate resources such as experts and / or test platforms to support operations. The center hopes to attract more partner companies in the future.

The maritime transport sector accounts for about 3% of global carbon emissions. The industry is firmly committed to reducing it to zero this century. Short-term measures related to greater energy efficiency are allowing a 40% reduction in emissions by 2030.

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