NYK participated in the Third International Conference on Fuel Ammonia, which was part of the Tokyo GX Week* of international conferences related to energy and the environment. From NYK, the only shipping company to participate in the conference, Executive Officer Tsutomu Yokoyama gave a presentation that focused on the international shipping industry’s efforts to achieve zero GHG emissions and NYK’s progress in developing an ammonia-fueled vessel.
The International Conference on Fuel Ammonia, organized by Japan’s Ministry of Economy, Trade and Industry (METI) and the Clean Fuel Ammonia Association (CFAA), aims to strengthen the foundation for international public-private partnerships to build a stable and flexible market and supply chain for fuel ammonia, which would be effective in combating global warming. The third conference was attended by more than twenty governments, international organizations, research institutes, and private companies.
Overview of presentation
Title: Utilization of clean ammonia fuel to achieve zero emissions in the shipping industry
Topics:
Targets formulated in July 2023 by the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) to reach net-zero GHG emissions from international shipping by or around 2050.
・ The advantages of ammonia compared to hydrogen, methanol, and batteries in options for zero-emission ships.
・ The status of a ship equipped with a domestically produced ammonia-fueled engine, which is being developed by a consortium led by NYK as part of the Japanese government’s Green Innovation Fund project.*
NYK has launched its new “NYK GREEN EARTH” brand to emphasize NYK’s ESG efforts to create new value initiatives for low carbon and decarbonization through green businesses such as business related to offshore wind power generation. The NYK Group will encourage new value creation as a sustainable solution provider in order to strongly promote ESG management.
