GCMD and Hanwha Ocean partnership includes alternative bunker fuels

The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean on Monday (21 October) announced a five-year strategic partnership to advance maritime decarbonisation in the areas of alternative low- or zero-carbon fuels, energy efficiency technologies, and onboard carbon capture.

GCMD and Hanwha Ocean are jointly committed to supporting the shipping industry in achieving IMO’s GHG emissions reduction targets. 

The new partnership will combine and leverage GCMD’s efforts to lower adoption barriers for decarbonisation solutions through pilots and trials with Hanwha Ocean’s ongoing innovations in green shipping technologies.

The partnership also marks GCMD’s inaugural centre-level partnership with a South Korean shipbuilding entity, broadening its reach to South Korea, the world’s leading shipbuilding nation recognised for its advanced technological competitiveness and dominance in high-value added, eco- friendly shipbuilding orders. 

This strategic partnership signals a significant step forward in aligning industry leaders to achieve common decarbonisation goals, advancing the development and adoption of low- and zero-carbon solutions in the maritime sector.

An affiliate of Hanwha Group, Hanwha Ocean is committed to building the green energy value chain. By leveraging the Group’s existing strengths in energy and materials, such as hydrogen, wind power, LNG, and ammonia, combined with its expertise in energy production facilities and transportation, Hanwha Ocean is committed to using advanced technologies to develop decarbonisation solutions.

Hanwha Ocean and GCMD play complementary roles to support the ammonia value chain for the maritime sector. Both are also contributing to advancements of onboard carbon capture and storage.

Professor Lynn Loo, CEO of GCMD, said: “Hanwha Ocean and GCMD are addressing different parts of the value chain, whether in enabling ammonia as a marine fuel or further closing gaps in the onboard carbon capture value chain. We look forward to co-learning with them, leveraging their expertise in our pilots to operationalise solutions, and leaning on their market leadership, to accelerate shipping’s efforts in this space.”

Young Chang (James) Shon, CTO of Hanwha Ocean, said: “Embarking on this journey with GCMD excites us as we work together to realize a carbon-free future for shipping. Through this collaboration, not only will we contribute to environmental sustainability, but we will also create economic value for the maritime industry by paving the way for future-proof solutions.”

Photo credit: Global Centre for Maritime Decarbonisation
Published: 21 October 2024