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Green ammonia-powered vessels have potential to play a role in decarbonizing the maritime industry; demonstrating business models will be an important catalyst.
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The marine shipping sector consumes around 10 quadrillion British thermal units (Btus) of fuel and emits 1 billion metric tons of carbon dioxide each year. That’s more than all of Germany’s emissions, more than all of Saudi Arabia’s emissions and roughly equal to the emissions from all passenger vehicles in the United States. By any reasonable measure the shipping industry is a major global emitter, one of the economic sectors that must be fully decarbonized by midcentury to keep global warming below 1.5 degrees Celsius.
Eliminating GHG emissions from marine shipping is an enormous undertaking, but the technological path forward has been reasonably clear for a few years. What has been missing is the requisite will among the shipping industry and regional and international regulators to require and implement the steps that need to be taken.
Project Launched to Probe Conversion of Existing Ships from Fossil-based Fuels to Decarbonized Energy Sources
TOKYO, May 20, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) is to undertake technical, financial and environmental assessments for converting existing ships to vessels that run on zero carbon fuels. The evaluations will be performed mainly by two Group companies - Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd - under a project led by The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping , a research institute created to promote decarbonization of the maritime shipping industry, in which MHI serves as a founding partner. MHI Group, as part of its energy transition growth strategy, is collaborating with the Center s otherstrategic partners toward achieving a global zero carbon fleet. By clarifying a roadmap for converting existing vessels that run on fossil fuels to carbon-neutral ships and ide