The American Bureau of Shipping, A.P. Moller – Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, Seaspan Corporation and Total have started a project to assess the technical, financial and environmental potential of converting existing vessels to zero carbon fuels and -technology as part of the transition to a global zero carbon fleet by 2050.
The main purpose of the project is to assess conversion options and de-risk asset investments by analysing the emission reduction potential as well as techno-economic opportunity of converting vessels currently fuelled by fossil-based fuels to zero or neutral carbon fuel solutions.
In addition, the project will identify a number of technical modifications of relevance for today’s new buildings to reduce the cost of future conversions, thus minimizing the associated financial risk for ship owners.
The project partners will address various vessel types including container-, tankers- and bulk-carriers and their potential conversion from conventional fuel oil, or integration with more recent fuels such LNG and LPG, to enable pathways with future solutions such as Ammonia or Methanol as well as the application of onboard Carbon Capture and Storage.
For each pathway, the related safety aspects will be reviewed, and the financial assessment will cover items such as conversion-, technology- and fuel costs as well as associated operating costs, whereas the environment assessment will, among other things, cover the Green House Gas reduction potential over the lifetime of a vessel.
The project is facilitated by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and fully funded by the involved parties.
As Strategic Partners to the Center, the Partners have committed to the Center’s collaboration model by which they assign experts to the Center as secondees working at the Center and with other partners through projects and activities.
“In order to accelerate the investments in a zero carbon maritime value chain, we have to reduce the risk of stranded assets. With this project, we address that challenge by providing clarity and overview of the operational fuel- and technology options, their associated environmental and financial impact as well as their transition pathways” – says Claus Winter Graugaard, Head of Onboard Vessel Solutions, the Mærsk McKinney Møller Center for Zero Carbon Shipping.
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Related: Maritime players collaborate to develop guidance on safe use of Ammonia as a bunker fuel
Related: Maersk to operate world’s first methanol fuelled, carbon neutral feeder vessel by 2023
Related: Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping reveals Board of Directors
Related: Getting to Zero Coalition observes first movers in maritime committed to decarbonisation
Related: Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping founded by industry majors
Photo credit: Mærsk McKinney Møller Center for Zero Carbon Shipping
Published: 14 May, 2021
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