Shell to help MSC shipping firm decarbonise
Shell and Mediterranean Shipping Co (MSC) have entered a partnership to decarbonise shipping operations, the companies said on July 16, noting that LNG is the lowest emissions fuel widely available today.
The pair will together develop technologies to reduce emissions from shipping at existing assets and look towards bringing emissions to net zero in the future. They will look at using hydrogen and methanol as future marine fuels, but also LNG as a nearer-term option. They will work together to reduce methane slip at LNG-powered vessels, a key environmental criticism of using the fuel in shipping, and see benefits of progressing from conventional LNG to bio- and synthetic LNG in the future.
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"To reach that ultimate goal of complete decarbonisation, we must look at a set of solutions," Bud Darr, vice president for maritime policy and government affairs at MSC, said. "We need significant advances in research and development and fuel development."
The president for Shell Marine, Melissa Williams, added: "partnering with our customers to develop new technologies and fuels will help accelerate progress. Combining MSC’s experience as one of the world’s largest shipping companies with Shell’s expertise as a global energy supplier will help bring about effective solutions for this vital part of the world economy."