New Project Launched to Achieve Safe Use of Ammonia as Shipping Fuel
As part of its Group energy transition strategy, Mitsubishi Heavy Industries, Ltd. (MHI) is set to participate in a newly launching project to develop guidelines for the safe usage of ammonia (NH3) as a shipping fuel. The project is led by The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping 1, a research institute created to promote decarbonization of the maritime shipping industry. MHI will participate as a founding partner of the Center, mainly through two Group companies: Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. Project collaboration will also include Lloyd’s Register Group Limited (LR) 2, the British ship classification society, the ultimate aim being to decarbonize the maritime shipping industry through safe usage of ammonia as a shipping fuel.
Testing, Inspection, and Certification (TIC) Market is Expected to Reach $105.99 Billion, Growing at a CAGR of 2.4% From 2020 with COVID-19 Impact - Meticulous Research Analysis
, in its latest publication, titled Testing, Inspection, and Certification Market by Service, End User (Retail, Agriculture, Oil and Gas, Construction, Chemicals, Machinery, Transportation, Automotive, Government, Marine, Healthcare), and Region - Forecast to 2027 , states that the testing, inspection, and certification market is expected to reach $105.99 billion, at a CAGR of 2.4% from 2020.
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The TIC sector consists of conformity assessment bodies that provide services ranging from auditing and inspection to testing, verification, quality assurance, and certification. TIC companies cater to a diverse range of industry sectors and a variety of standards and legislation. These range from agriculture, a