A recent news article published in the Offshore Energy states that Chevron comes on board Global Centre for Maritime Decarbonisation.
Chevron enters agreement
Integrated energy company Chevron has entered into an agreement to join the Global Centre for Maritime Decarbonisation (GCMD) and help support the centre’s efforts to develop potentially scalable lower carbon technologies.
By joining the GCMD, Chevron aims to support the development of potentially scalable lower-carbon technologies, including those that enable the use of ammonia as a maritime fuel, and the commercial means to enable their adoption.
The decision to join the centre comes at the time of Singapore Maritime Week (SMW) taking place from 4 to 8 April.
Chevron New Energies (CNE)
In an ongoing energy transition sweeping across the sector, Chevron launched Chevron New Energies (CNE) in 2021 to accelerate lower carbon businesses in hydrogen, carbon capture, utilization and storage, offsets, and emerging energy opportunities, as well as support its focus on renewable fuels and products.
“Lowering the carbon intensity of shipping requires fundamental changes across the entire maritime value chain”, said Mark Ross, president of Chevron Shipping Company.
“This is a truly complex task that requires industry-wide collaboration, innovation, and well-designed policy. GCMD brings together knowledge and expertise to help meet this challenge. We look forward to working with our fellow partners to progress our shared lower carbon ambitions.”
Commenting on the partnership, Lynn Loo, CEO of the GCMD, said: “Shipping is a hard-to-abate sector and to reach the International Maritime Organization’s climate goals, collaboration across the value chain is required. We look forward to working with Chevron and capitalizing on its experience as a fuel producer, supplier and end-user to operationalize pilots, which we believe will ultimately shorten the time to deployment and adoption of decarbonization solutions.
“This partnership will enable both organizations to work closely on the fuels of the future as well as carbon capture technologies, both of which are critical enablers expected to help the sector meet its net-zero ambitions.”
New partners
Global Centre for Maritime Decarbonisation signs on new partners.
In a separate statement, the GCMD informed that the International Chamber of Shipping (ICS) and the Boston Consulting Group (BCG) also joined the centre.
The partnerships, in addition to those with Chevron and the UK-based oil and gas major BP, were also signed during the SMW.
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Source: Offshore Energy
