Itochu Reaches Joint Agreement for GHG Zero-Emission Ship
On April 30, ITOCHU Corporation came to an agreement with Imabari Shipbuilding, MAN Energy Solutions, Mitsui E&S Machinery, ClassNK and ITOCHU ENEX on jointly developing zero-emission ships.
As international momentum towards the transition to a decarbonized society is growing, the International Maritime Organization (IMO) adopted a strategy for the reduction of greenhouse gas (GHG) emissions within the shipping industry in 2018. The strategy sets out to reduce CO2 emissions per transport work by at least 50% by 2050 (compared to 2008 levels).
In order to achieve this goal, the early development of zero-emission ships is anticipated with ammonia as a prime candidate for a suitable zero-emission, alternative fuel.
Collaboration among companies is vital to enable the transition to a green, circular and carbon-neutral economy. Over the last months, 380 CEOs have come together in our Call to Action for a New Deal for Europe: a Europe that has sustainability, climate action and inclusiveness at its core. The next step? Engage in the European Pact for Sustainable Industry.