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TotalEnergies joins the Castor Initiative to decarbonize maritime shipping ( Video )

Global energy company TotalEnergies has joined the Castor Initiative, an international coalition of companies that aims to make maritime shipping a zero-emission operation.

Global energy major joined The Castor Initiative - Cyprus Shipping News

TotalEnergies becomes the eighth member of the initiative, alongside MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), the Maritime and Port Authority of Singapore (MPA), Yara Clean Ammonia (Yara International) and Jurong Port. Established in January 2020, the group has already reached a project milestone in the form of a memorandum of understanding for the construction of two zero-emission deep-sea tanker vessels.

With the addition of TotalEnergies to the Castor Initiative, the group seeks to ensure and support the complete ecosystem required for ammonia-fueled tankers to operate in a safe and sustainable manner.

With a company commitment to sustainability, TotalEnergies will bring operational experience to the initiative to support the sector’s aim of decarbonization. Through the combination of each company’s experience and knowledge, the group seeks to make the Castor Initiative a successful project that builds on ideas from conception to project realization.

With the International Maritime Organization’s (IMO) 2050 ambitions seeking to cut greenhouse gas emissions by 50% compared with 2008 levels, it is estimated that zero-carbon vessels need to be introduced to the world fleet by 2030.

The Castor Initiative’s joint development ideology is built on a shared belief that the maritime sector needs collaboration if the industry is to meet the strict targets set by the IMO.

In addition to considering ammonia as a fuel, the group will evaluate the use of other decarbonization pathways.

Source : Electric & Hyprid

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