The global marine fuel and lubricants supplier bp and the independent research and development center Mærsk Mc-Kinney Møller Center have announced the beginning of their collaboration for zero-carbon emissions in the shipping industry.
In particular, bp's experts will work on relevant researches and projects in the Center’s portfolio and will contribute to methodologies for the development of new alternative fuels and low carbon solutions for the shipping sector.
Additionally, the British petroleum company will join the Center Advisory Board providing guidance for transition strategies and further development of the Center’s activities.
"This is a privileged opportunity to collaborate and advocate with key industry players to progress solutions at the pace and scale needed" as "the shipping industry’s transition to net zero is complex and requires technology advancements and policies," said Bp’s executive vice president of regions, cities and solutions, William Lin.
In welcoming bp, the Center CEO, Bo Cerup-Simonsen, talked about the potential to accelerate the development of net-zero solutions for the maritime industry: "Bp brings extensive expertise in production, storage, handling, transportation and usage of fuels and great experience in driving safety and efficiency in shipping."
With 70,000 ships consuming 300 million tons of fuel per annum, global shipping comprises around 3% of global carbon emissions, a number that is likely to increase as other industries tackle climate emissions in the coming decades.
Achieving the long-term target of decarbonisation requires new fuel types and a systemic and regulatory change within the industry.