Itochu Enex, Kyushu Electric Power Company, Saibu Gas, and Nippon Yusen Kabushiki Kaisha signed a memorandum of understanding (MoU) for the commercialization of a new business to supply LNG to ships in Setouchi and Kyushu.
The parties have decided to examine the commercialization of an LNG bunkering business in the Setouchi and Kyushu areas of western Japan, including marketing activities to consumers such as Kyushu Electric Power, for its LNG-fueled coal carriers, which are scheduled to be delivered in fiscal 2023, as well as the construction and owning of LNG vessels required for ship-to-ship supply.
LNG fuel as a marine fuel is expected to be a bridging solution to next-generation zero-emission fuels such as hydrogen and ammonia. Compared to heavy fuel oil, the use of LNG can reduce emissions of sulfur oxides (SOx) and particulate matter (PM) by approximately 100 percent, nitrogen oxides (NOx) by as much as 80 percent, and carbon dioxide (CO2) by approximately 30 percent
NYK Line stated.
