Updated: Jul 9
A start-up donation of DKK 400M (USD 60M) by the A.P. Møller Foundation has kick-started the formation of the Center for Zero Carbon Shipping (CZCS), a thinktank named in honor of the late Danish shipping magnate Mærsk Mc-Kinney Møller (1913 - 2012).
The CZCS aims at helping the maritime industry reduce its carbon footprint in line with the sector’s long-term sustainability goals. As such it will carry out research into new fuel types and propulsion technologies.
Founding company partners include ABS, A.P. Møller - Mærsk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Siemens Energy.
The centre will be a non-profit organization, set up as a commercial foundation with a charitable purpose. As an independent research centre, it will work across the entire shipping sector with industry, academia, and authorities.
A cross-disciplinary team will collaborate globally to create overviews of decarbonization pathways, accelerate the development of selected decarbonizing fuels and power technologies, and support the establishment of regulatory, financial, and commercial means to enable transformation.
Today it is estimated that the shipping sector accounts for around 3% of global carbon emissions. While the industry has made a firm commitment to eliminate carbon emissions within this century, achieving this goal is going to require the development of viable technologies as well as new legislation to enable the transition towards decarbonization.
Launching this new initiative, the partners said that short-term measures related to increased energy efficiency would enable a 40 percent relative reduction by 2030. However, achieving the long-term target requires new fuel types and a systemic change within the industry.
During the first two to three years, the centre will recruit around 100 employees to the Copenhagen-based office and collaborate with new partners across the globe.
The founding partner companies have committed one-third of the needed staff, the remaining two-thirds will be recruited independently. In addition to leadership and administration, the centre staff will include subject matter experts in energy, fuels, and ship technology as well as regulatory affairs, finance, and the global energy transition.