bp, a UK-based oil and gas major, has joined the Global Centre for Maritime Decarbonization (GCMD) as a strategic partner, which was marked by a partnership agreement ceremony in Singapore, this morning.
GCMD is based in Singapore – one of the world’s busiest ports. It was set up as a non-profit organization in August last year to help the maritime industry meet or exceed the International Maritime Organization’s (IMO) GHG emission reduction goals for 2030 and 2050.
It aims to achieve this by creating opportunities for cross-industry collaboration and sharing its projects’ outcomes, aimed at helping fuel the energy transition within the maritime industry. This partnership adds S$10 million (USD$7.4 million) in funding, giving GCMD’s efforts a further boost.
bp has helped shape the shipping industry for more than 100 years. A net zero future for the maritime sector demands industry collaboration, and GCMD is bringing to the forefront the conversations that matter most.
…Carol Howle, bp’s executive vice president for trading & shipping, said: Carol Howle also mentioned that as part of GCMD, they look forward to working with key industry players to further progress solutions at the pace and scale needed to help this carbon-intensive sector transition.
bp’s net zero ambitions and investments in low carbon solutions are aligned with GCMD’s mission and projects. Together with bp and our other partners, we aim to foster collaboration to address challenges and untangle the complexities of decarbonizing shipping
Professor Lynn Loo, GCMD’s chief executive officer, said, noting also that GCMD is looking forward to looking closely with and leveraging bp’s experience and expertise in their pilots and trials.
A net zero future for the maritime sector demands industry collaboration, and GCMD is bringing to the forefront the conversations that matter most. As part of GCMD, we look forward to working with key industry players to further progress solutions at the pace and scale needed to help this carbon-intensive sector transition
…Carol Howle, bp’s executive vice president, trading & shipping, said.
As mentioned, bp is also supporting zero carbon supply chains by driving new decarbonization technologies and capabilities to create innovative zero carbon energy solutions.
Safe development of hydrogen, ammonia, biofuel, and carbon markets is a priority for bp, and aligning with the GCMD on these projects provides a strategic fit.
