Chevron agreed to join the Global Centre for Maritime Decarbonization (GCMD), the company announced in a statement on Wednesday.
With this move, Chevron aims to help support GCMD’s efforts to develop 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 GCMD is an independent, non-profit organization, established with support from the Maritime and Port Authority of Singapore. It collaborates with the maritime industry, plans to conduct pilot projects and trials, and advocates for well-designed climate policies and standards.
“Shipping is a hard-to-abate sector and to reach the International Maritime Organization's climate goals, collaboration across the value chain is required,” Lynn Loo, CEO of the Global Centre for Maritime Decarbonization, was quoted as saying in the statement.
“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.”
In 2021, Chevron launched Chevron New Energies to accelerate lower carbon businesses in hydrogen; carbon capture, utilization and storage; offsets; and emerging energy opportunities, as well as support Chevron’s continued focus on renewable fuels and products.
By Sibel Morrow
Anadolu Agency
energy@aa.com.tr