Dubai-based port operator DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its marine power to come from hybrid engines and zero-emission fuels by 2030.
Commitment To Decarbonization
By joining FMC, DP World makes its commitment to decarbonization through the adoption of emerging technologies to accelerate a green and inclusive transition to a net zero future. Led by the World Economic Forum and the US Government, the FMC is dedicated to addressing the decarbonization challenges of seven hard-to-abate sectors — aluminum, aviation, chemicals, concrete, shipping, steel and trucking — which collectively contribute to 30% of global emissions. As a collective of leading industry players, the members work to aggregate their purchasing power, prompt more investments in zero-emission solutions and scale their production. DP World has committed that by 2030, at least 5% of its short-sea shipping will be powered by zero-emission fuels through the introduction of two hybrid-electric and five methanol-enabled vessels.
This year, P&O Ferries, part of DP World’s Marine Services arm, introduced the world’s first ferry designed with a hybrid diesel-electric power plant. DP World expects its total demand for clean methanol to power the five vessels will be around 38,000 tonnes per year by 2030. Unifeeder Group, another part of DP World Marine Services, has already signed a long-term time-charter agreement for two new methanol-capable container feeder vessels, which will be deployed in Europe.
Tackling Climate Impact
“Joining the First Movers Coalition is a clear signal of our intent to tackle the climate impact of our operations while maintaining the efficient flow of global trade. Electrification and alternative fuels are integral components of our sustainability strategy, playing a pivotal role in significantly reducing emissions in our business and tracking towards our ambitions to be carbon neutral by 2040 and net zero by 2050…” Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO, commented. This year, DP World managed to cut carbon emissions from its UAE operations by nearly 50% by accessing renewably produced power from the Dubai Electricity and Water Authority (DEWA).
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Source: OffshoreEnergy
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