BHP Becomes Founding Member of Maritime Decarbonization Centre

Source: 4/21/2021, Location: Asia

BHP has signed a Memorandum of Cooperation (MoC) with Singapore’s Maritime and Port Authority (MPA) to become one of the founding members of the Maritime Decarbonization Centre to be set up in Singapore.

Under the MoC, BHP together with BW Group, Eastern Pacific Shipping, Ocean Network Express, Sembcorp Marine Ltd and The Foundation Det Norske Veritas have pledged to contribute S$10 million each to support the establishment of the centre and fund research and technology development projects in areas relating to decarbonization in the maritime industry. MPA will add S$60 million R&D funding to these contributions, bringing the fund to a total of S$120 million.

The Maritime Decarbonization Centre will be a focal point for the global maritime industry’s efforts in both decarbonization and innovation, bringing together experts and the industry, including start-ups to develop technologies and co-create innovative solutions. The centre will collaborate with other maritime technology centres based in Singapore as well as decarbonization centres around the world to share knowledge and build capabilities.

The centre will support trials of new fuels and technologies. It will include facilities for corporate labs, research facilities and house research offices and space for maritime tech start-ups.

MPA’s Chief Executive, Quah Ley Hoon, said: “Maritime decarbonization is a global challenge requiring a collective responsibility from all stakeholders involved. It is crucial to have strong public-private sector partnerships. We thank like-minded partners like BHP that have responded strongly to our call for collaboration. The agreement signed today is a first step, which we hope will catalyze a larger, much needed momentum to make international shipping more sustainable.”

BHP is the only resources company that is part of the alliance and BHP’s Chief Commercial Officer, Vandita Pant, said the MoC is another step forward for industry leaders in taking action on decarbonization and climate change.

“The pathway to decarbonization in the maritime sector will accelerate with the innovation centre and the spirit of collaboration with which MPA and its partners are approaching and investing in new technology. The opportunity to achieve real reductions in industry footprint with this collaboration is great. It builds on a number of partnerships that BHP has struck across our value chain to seek to accelerate decarbonization,” Ms Pant said.

BHP’s Vice President of Maritime and Supply Chain Excellence, Rashpal Bhatti, said: “BHP has a long and trusted relationship with MPA who has a strong commitment to bringing industry together to create a cleaner and greener industry. We are proud to join as a founding member of the Maritime Decarbonization Centre in Singapore, a key maritime hub of the world. The MoC with MPA forms an integral component of BHP’s four pillars in our strategy for supporting decarbonization of our maritime supply chain – data democratization, onboard innovations, future fuels and chartering choices.”

BHP was part of the first marine biofuel trial involving an ocean-going vessel bunkered in Singapore on 4 April 2021 and has led the industry in its support for maritime emissions reduction initiatives, including awarding the world’s first LNG-fuelled Newcastlemax bulk carrier tender and the first LNG supply agreement for these LNG-fuelled iron ore vessels.

Japan >>  5/13/2021 - ? Interior design concept "atmosphere of an ancient city" evokes feeling of Japan.
? Hybrid-type propulsion system with azimuth assistance provi...

Senegal >>  5/10/2021 - Petrofac has secured a contract with bp to develop operational procedures for their Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal. ...

Norway >>  5/7/2021 - Norway's Petroleum safety Authority has given Lundin Energy Norway AS (Lundin) consent for the disposal of subsea facilities on the Brynhild field ...
France >>  5/3/2021 - After extensive preparations, offshore installation vessel Aeolus is starting the installation of the first of 62 jacket foundations for the Saint-Bri...

Norway >>  4/26/2021 - Siem Offshore has been awarded a 40 days firm contract plus options, in addition to mobilization and demobilization fees, for the MPSV "Siem Dorado" f...
United States >>  4/23/2021 - The Company is very pleased to see the reaffirmed trust placed by a key client within the subsea construction segment, which underlines the Company’s ...

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.