Leading companies in the shipping sector have decided to stand together in the fight against environmental pollution by setting up a new research organization to study innovative decarbonization solutions for the shipping industry.
The founding partners are ABS, AP Moller Maersk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Lines and Siemens Energy.
The Institute, the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, named after the Danish shipowner and chairman of the Maersk Group, will have its headquarters in Copenhagen, Denmark. It will begin its work with a budget of $60 million, provided by the Ap Moller Foundation.
In a press release Maersk announced that a specialized, interdisciplinary team would work together on creating new perspectives in the decarbonization process and developing cutting-edge technology on vessel propulsion and clean fuels. Their task will also be to support the processes of transformation towards carbon neutrality from regulatory, financial and commercial perspectives.
In order to achieve these objectives, the organization plans to recruit about 100 employees over the next two-to-three years. The founding members will provide one third of the total workforce.
Translation by Giles Foster