ABS is part of a
joint development project (JDP) with the Mærsk McKinney Møller Center for Zero
Carbon Shipping aiming to assess the technical, financial and environmental
potential of converting existing vessels to zero-carbon fuels and technology.
Other partners in
the project are A.P. Moller – Maersk, MAN Energy Solutions, Mitsubishi Heavy
Industries, NYK Line, Seaspan Corporation and Total.
The main purpose of the project is to assess conversion options and to
de-risk asset investments
The main purpose
of the project is to assess conversion options and to de-risk asset investments
by analyzing the emission reduction potential and techno-economic opportunity
of converting vessels currently fueled by fossil-based fuels to zero or neutral
carbon fuels.
In addition, the
project will identify a number of technical modifications of relevance for
today’s newbuildings 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 containerships, tankers-
and bulkers and their potential conversion from conventional fuel oil, or
integration with more recent fuels such LNG and LPG, to enable pathways to
future solutions such as ammonia or methanol, as well as to 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. 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 and
fully funded by the involved parties.
The project is
facilitated by the Mærsk Mc-Kinney Møller Center and fully funded by the
involved parties. The partners have committed to the center’s collaboration
model in which they second experts to the center.
Global shipping
accounts for around 3% of global carbon emissions, a share that is likely to
increase as other industries tackle climate emissions in the coming decades,
says the center. Achieving the long-term target of decarbonization requires new
fuel types and a systemic change within the industry. Shipping is a globally
regulated industry, which provides an opportunity to secure broad-based industry
adoption of new technology and fuels.
Shipping’s road map to decarbonization
Global shipping
accounts for around 3% of global carbon emissions, a share that is likely to
increase as other industries tackle climate emissions in the coming decades,
says the center. Achieving the long-term target of decarbonization requires new
fuel types and a systemic change within the industry. Shipping is a globally
regulated industry, which provides an opportunity to secure broad-based
industry adoption of new technology and fuels |