- Jurong Port Chief Executive Officer, Mr Ooi Boon Hoe, said: “We are delighted to be part of The Castor Initiative, which is determined to take concrete steps to meet IMO 2050 targets through the development and deployment of ammonia-fuelled ships.”
- Being the operator of the busiest bunkering terminal in the world’s largest bunkering port today, Jurong Port is keen to facilitate the adoption of such future marine fuels, including Ammonia, by providing suitable supporting bunkering infrastructure.
- As maritime decarbonisation requires a global approach, it is critical for projects like the Castor Initiative to involve stakeholders across the entire value chain.
- The Castor Initiative was motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO’s GHG ambitions.
The Castor Initiative, which includes MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), the Maritime and Port Authority of Singapore (MPA), and Yara International ASA (Yara), has welcomed a new partner – Jurong Port – to the global partnership dedicated to making zero-emission shipping a reality as reported by Lloyd’s Register.
Key project
This announcement follows another key project milestone in September 2021 when LR awarded Approval in Principle (AiP) to SHI for its ammonia fuel supply and fuel storage system.
True to its firm commitment to reducing total carbon footprint, Jurong Port is home to the world’s largest port-based solar power generation facility as well as the world’s first green berths.
As actions by the shipping industry in meeting the decarbonization goals are gaining momentum, we recognize that there could be multiple pathways for future marine fuels.
Being the operator of the busiest bunkering terminal in the world’s largest bunkering port today, Jurong Port is keen to facilitate the adoption of such future marine fuels, including Ammonia, by providing suitable supporting bunkering infrastructure.
“We look forward to contributing to the success of The Castor Initiative and reinforcing Singapore as the world’s leading bunkering hub.”
Castor initiative
MISC President and Group CEO, Datuk Yee Yang Chien, said: “We welcome Jurong Port to The Castor Initiative.
We look forward to establishing further concrete industry milestones with all our partners as collaboration is a must and we hope that the Castor Initiative will inspire others to join forces to work together seamlessly to accomplish the industry’s GHG aspirations ahead of 2050.”
Nick Brown, LR CEO said: “The collective drive to decarbonise the maritime sector is gaining momentum and deep-sea zero-carbon vessels will be in operation by the middle of the decade.”
“Collaboration among the Castor Initiative partners on an ammonia-fuelled tanker continues apace and we are delighted that Jurong Port has joined our development project and will support our efforts to deliver technically viable and safe zero-emission shipping.”
With regard to the industry coalition for the zero-carbon shipping, we believe that the final piece of the jigsaw puzzle will be completed with the participation of Jurong Port.
Bunkering terminals
As the operator of one of the largest bunkering terminals, Jurong Port brings with it valuable experience and expertise.
“This will enable the global shipping industry to work towards the International Maritime Organization’s 2050 targets for emissions reduction,” said Ms Quah Ley Hoon, Chief Executive, MPA.
We are therefore delighted to have Jurong Port join the Castor Initiative.
To meet the International Maritime Organization’s (IMO) 2050 ambitions on halving greenhouse gas (GHG) emissions from 2008 levels, zero-carbon vessels need to enter the world fleet by 2030.
While ammonia is one of the fuels being considered by maritime stakeholders, the partners also recognise that the shipping industry will need to explore multiple decarbonisation pathways and hope their collaboration will spur others in the maritime industry to join forces on addressing this global challenge.
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Source: Lloyd’s Register
