Powertrain | Diesel International 2022-09

H2 - SHIPPING
CHEVRON JOINED GCMD
ALSO
WITH
AMMONIA
#CHEVRON #GCMD #AMMONIA #SINGAPORE
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Professor Lynn Loo, CEO of GCMD: “BP, Boston
Consulting Group, Chevron and the International
Chamber of Shipping will bring complementary
perspectives that are critical to decarbonising the sector.”
Decarbonisation in the maritime
industry is increasingly taking
the shape and pressure of hydrogen
and the smell of ammonia.
This they know well at the Global
Centre for Maritime Decarbonisation
(GCMD) which was formed on 1 August
2021 with funding from the Maritime
and Port Authority of Singapore
(MPA). Chevron recently announced
an agreement to join the GCMD.
Chevron’s involvement 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.
“Shipping is a hard-to-abate sector
and to reach the International Maritime
Organization’s climate goals,
collaboration across the value chain is
required,” said Lynn Loo, CEO of the
Global Centre for Maritime Decarbonisation.
“We look forward to working
with Chevron and capitalizing on its
experience as a fuel producer, supplier
and end user to operationalize pilots,
which we believe will ultimately
shorten the time to deployment and
adoption of decarbonization solutions.
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.” Mark
Ross, President of Chevron Shipping
Company: “Lowering the carbon intensity
of shipping requires fundamental
changes across the entire maritime
value chain,” and “This is a truly com-
Chevron announced
an agreement to
join the Global
Centre for Maritime
Decarbonisation
plex task that requires industry-wide
collaboration, innovation, and welldesigned
policy. GCMD brings together
knowledge and expertise to help
meet this challenge.” In 2021, Chevron
launched Chevron New Energies
(CNE) 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. As
part of its strategy, CNE is focused on
customers in sectors of the economy
with harder to abate emissions.
“Chevron is leveraging our capabilities,
assets, and customer relationships
to identify opportunities to lower
emissions of our own operations,
while also identifying ways that essential
sectors of the economy, such
as the maritime industry, can achieve
their lower carbon goals,” said Austin
Knight, Vice President of Hydrogen
for Chevron New Energies.
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