Mitsubishi Heavy Industries (MHI) will carry out technical, financial and environmental assessments for converting existing ships to vessels that run on zero carbon fuels.
The evaluations will be performed under a project led by The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, in which MHI serves as a founding partner.
By clarifying a roadmap for converting existing vessels that run on fossil fuels to carbon-neutral ships and identifying the challenges faced, the project aims to reduce ship-related investment risks.
Under this project, technical assessments of safety aspects will take place, regarding future solutions, including modification of existing container carriers, tankers and other existing ships to vessels that operate on ammonia, methanol and other decarbonized fuels.
Financial assessments will also be undertaken pertaining to fuel conversion costs, technology investments, fuel costs and related maritime shipping costs.
What is more, an environmental assessment will be conducted based on estimated cost benefits from reducing greenhouse gas (GHG) emissions over a ship’s lifetime.
Going forward, MHI Group will apply its accumulated technologies and expertise in ships and ship engines and, working with its project partners to resolve the identified challenges, will focus on achieving decarbonization of marine logistics, to help mitigate environmental impact on a global scale
MHI concluded.
