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INDUSTRY LEADERS JOIN FORCES ON AMMONIA-FUELLED TANKER PROJECT

Thursday, January 16, 2020 

MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions have announced that they will work together on a joint development project (JDP) for an ammonia-fuelled tanker to support shipping’s drive towards a decarbonised future.

The creation of the alliance has been motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO 2050 Greenhouse Gas (GHG) emission target, an ambition that requires commercially viable deep-sea Zero-Emission Vessels (ZEVs) to be in operation by 2030.

Ammonia is just one of the pathways towards zero-carbon emitting vessels. The partners recognise that the shipping industry will need to explore multiple decarbonisation pathways and hope their collaboration will spur others in the maritime industry to join forces on addressing this global challenge. The partners believe that the creation of such alliances will send a clear message that shipping can progress itself to fit times and circumstances, ahead of regulatory action.

The drive to decarbonise shipping follows the launch of Getting to Zero Coalition, an alliance of leading maritime, energy, infrastructure and finance companies committed to getting commercially viable deep-sea ZEVs powered by zero emission energy resources into operation by 2030.

Yee Yang Chien, President and Group CEO MISC Berhad said: “At MISC, we believe the global maritime industry needs to be more collaborative in defining our future together, rather than being confrontational and fragmented in our efforts. I am very glad that our distinguished partners have come together with MISC to showcase joint leadership in developing one of the pathways towards a zero-carbon future for the maritime industry.”

Joon Ou Nam, President and CEO of SHI said: We are very delighted to be a key member of this meaningful industry collaboration together with competent partners. We hope SHI’s experience and expertise in novel ship design development will effectively contribute to this joint development project and all JDP partners could get better insight into the feasible and sustainable zero-carbon fuel vessel design solutions."

Nick Brown, Marine and Offshore Director, Lloyd’s Register said: “The IMO’s 2050 GHG ambitions, which prescribes that international shipping must reduce its total annual greenhouse gas emissions by at least 50% of 2008 levels by 2050, require substantial and collaborative input from all maritime stakeholders. These are exciting times as we commence the industry’s fourth Propulsion Revolution as during LR’s history we have supported the transition from wind to coal to oil and now look forward to safely decarbonising.”

Bjarne Foldager Jensen, SVP Head of Two Stroke Business, MAN, said: “Joining this project makes perfect sense for MAN Energy Solutions as system technologies that help our customers to reduce emissions and lead the way to a carbon-neutral future form a significant part of our business strategy. Low-speed diesel engines are the most efficient propulsion system for trans-oceanic shipping and already run on a sizable number of emission-friendly fuels. We look forward to adding ammonia to the list and welcome the opportunity to work with industry partners in this venture.”

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