On Tuesday, bp and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping signed a partnership agreement committing to long-term collaboration on the development of new alternative fuels and low carbon solutions for the shipping industry.
As a strategic partner to the Center, bp will second experts to work on relevant research and development projects in the Center’s portfolio and contribute to the development of methodologies and optimised pathways for safe and sustainable fuel solutions for shipping.
bp will also join the Center Advisory Board to provide guidance for transition strategies and further develop the Center’s activities.
William Lin, bp’s executive vice president of regions, cities and solutions, said bp wants to play a role in advocating for policies to help decarbonise carbon-intensive sectors like shipping.
“The shipping industry’s transition to net zero is complex and requires technology advancements and policies that will give companies across the value chain the confidence to act,” Mr Lin said.
“This is a privileged opportunity to collaborate and advocate with key industry players to progress solutions at the pace and scale needed.”
“When we work together, we can fast track development, de-risk investments and provide signals to the market that will speed up the decarbonisation of the shipping industry.”
CEO of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Bo Cerup-Simonsen, said they are extremely proud and delighted to welcome bp to the Center as a strategic partner.
“We share the same high ambitions and sense of urgency when it comes to creating real climate action and I look very much forward to the collaboration. bp brings extensive expertise in production, storage, handling, transportation and usage of fuels and great experience in driving safety and efficiency in shipping. I see enormous potential in leveraging and applying this know-how to accelerate the development of future net-zero solutions for the maritime industry.”
The not-for-profit independent research and development centre was established in 2020 with a donation from the A.P. Moller Foundation.