Hanwha Ocean and the Global Centre for Maritime Decarbonisation (GCMD) announced that they have signed a five-year strategic partnership agreement to advance maritime decarbonisation.
The partnership also marks GCMD’s inaugural centre-level partnership with a South Korean shipbuilding entity, broadening its reach to South Korea. The agreement includes areas of interest such as alternative low-/zero carbon fuels, energy efficiency technologies, and onboard carbon capture.
Hanwha Ocean and GCMD play complementary roles in addressing different parts of the value chain, whether in enabling ammonia as a marine fuel or further closing gaps in the onboard carbon capture value chain.
The time for action is now, and we are fully committed to driving meaningful change. Embarking on this journey with GCMD excites us as we work together to realize a carbon-free future for shipping.
…said Young Chang (James) Shon, CTO of Hanwha Ocean.
In the area of enabling ammonia as a marine fuel:
In the area of the unlocking the carbon value chain:
- Last year, the Korean Register and the Marshall Islands Registry granted Hanwha Ocean an Approval in Principle for their onboard carbon capture and storage (OCCS) technology set to be implemented on future LNG carriers.
- GCMD, together with a consortium of maritime leaders, has recently released a report to assess the technical, operational and economic feasibility of installing a OCCS retrofit onboard an MR tanker to reduce emissions.
Embarking on this journey with GCMD excites us as we work together to realize a carbon-free future for shipping. Through this collaboration, not only will we contribute to environmental sustainability, but we will also create economic value for the maritime industry by paving the way for future-proof solutions.
… commented Young Chang (James) Shon, CTO of Hanwha Ocean
