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News / Business/ Maritime industry players join forces on ammonia-fuelled tanker project

Maritime industry players join forces on ammonia-fuelled tanker project

20 Jan 2020
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MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions on Wednesday (15 January) 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 the vision to meet the International Maritime Organisation’s 2050 Greenhouse Gas (GHG) emission target, an ambition that requires commercially viable deep-sea Zero-Emission Vessels (ZEVs) are in operation by 2030, said Lloyd’s Register. 

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.

“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,” MISC Berhad President & Group CEO Yee Yang Chien.

“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.”

Yee Yang Chien hopes this will encourage industry peers to join hands with others to advance the zero-carbon agenda.

“We are very delighted to be a key member of this meaningful industry collaboration together with competent partners,” Samsung Heavy Industries President & CEO Joon Ou Nam.

Joon Ou Nam believes that industry–wide movement is vital, and new zero-carbon fuel technologies, such as ammonia fuel, are to be brought on the table, in order to take action proactively on maritime GHG emissions in accordance with the IMO’s ambitious road map.

“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,” he added.

“As we start the 2020s we are proud to be among a four-party team to make deepsea Zero-Emission Vessels (ZEVs) a reality within this decade,” Lloyd’s Register Marine & Offshore Director Nick Brown.

“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 and we are confident the lead taken by this partnership will encourage others to work collectively to address the challenge.”

Nick Brown said Llyod’s Register is excited to commence the industry’s fourth Propulsion Revolution as the company has historically supported the transition from wind to coal to oil and now towards decarbonised future.

“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,” MAN Head of Two Stroke Business Senior Vice President Bjarne Foldager Jensen.

“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,” he concluded.

 

Photo credit: Lloyd’s Register
Published: 20 January, 2020

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