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Thursday, 25 June 2020, 15:25 HKT/SGT
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Source: Mitsubishi Heavy Industries, Ltd.
MHI Group to Participate in Establishment of The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Joint R&D Institute to Promote Decarbonization of Global Shipping Industry

- Establishment suggested by foundation operated by family of founder of A.P. Møller - Mærsk, global leader in integrated transport and logistics
- Center will develop technologies and roadmap for total supply chain, aiming to decarbonize the shipping industry

TOKYO, June 25, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) will participate as one of partners in the establishment of The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, a research and development institute to promote decarbonization in the shipping industry being created at the suggestion of A.P. Møller - Mærsk A/S, a global leader in integrated transport and logistics. The Center will be headquartered in Copenhagen, Denmark's capital city, with MHI and six other business corporations and institutions participating in its founding. The Center will mainly target the development of new fuels and technologies for achieving zero carbon in the shipping industry, which currently accounts for roughly 3% of the world's carbon emissions. MHI Group will cooperate primarily through provision of human resources.


Center logo mark


Besides A.P. Møller - Mærsk and MHI, participants in the Center's establishment include: the American Bureau of Shipping (ABS); Cargill, Incorporated, a major American producer of grain and other foodstuffs; MAN Energy Solutions, a longstanding manufacturer of large-bore diesel engines; NYK Line; and Siemens Energy. The Center will be operated as a nonprofit organization (NPO) funded by the A.P. Møller Foundation, a charitable foundation commemorating A.P. Møller - Mærsk's founder, Mærsk Mc-Kinney Møller. Bo Cerup-Simonsen, former Vice President and Head of Mærsk Maritime Technology at A.P. Møller - Mærsk, will serve as the Center's CEO. The Center will undertake development of carbon-neutral fuels and new propulsion technologies in collaboration with global partners gleaned from the industrial and academic sectors, related authorities, etc.

Initially the Center will operate with a staff numbering approximately 100, including employees assigned from the founding partners as well as the Center's own hires. In addition to experts in energy, fuels and shipping technologies, staff will also include personnel in charge of regulatory issues, marketing, etc. The Center's activities will focus on achieving the target announced by the shipping industry to reduce its greenhouse gas emissions substantially by 2050.

Through initiatives such as participation in The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, MHI Group will strengthen its efforts to further reduce greenhouse gases on global scale. Leveraging its businesses in ship engineering and marine machinery and systems, the Company will contribute to the further development of marine logistics and reduction of environmental loads, an issue of global concern.


About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website: https://www.mhi.com
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com

June 25, 2020 15:25 HKT/SGT
Source: Mitsubishi Heavy Industries, Ltd.

Topic: Press release summary
Sectors: Transportation/Logistics
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