Japanese shipping company, “K” Line announced the establishment of a new department, which will focus on carbon neutrality and renewable energy businesses and projects, effective from April 1st, 2021.
According to the shipping major, the requirement of decarbonization is rapidly growing and it accelerates the expectation for business field of carbon neutrality, such as renewable energy projects including offshore wind, carbon dioxide capture, utilization and storage projects, energy transition projects (LNG value chain related) and carbon emission trading.
Therefore, “K” Line will establish “Carbon Neutral Promotion Group” and facilitate business development for net-zero CO2 emission along with related parties and companies of “K” Line group.
“K Line group will continue to contribute to people’s living and prosperity throughout the world as an integrated logistics company grown from shipping business, and aim at realizing a sustainable society”.
…the company said in a press release.
Overall, in an effort to reduce shipping emissions and improve efficiency, the company recently collaborated with Silicon Valley-based AI company, Bearing, on the development and testing of an AI-driven performance analysis.