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OGCI partners with GCMD to advance solutions to decarbonize shipping

The Oil and Gas Climate Initiative (OGCI) and the Global Centre for Maritime Decarbonisation (GCMD) today announced a two-year coalition partnership agreement to work on a range of solutions to decarbonize the shipping industry. Areas of collaboration will focus on energy efficiency to reduce emissions, future fuels that are lower in carbon intensity, such as ammonia, methanol and biofuel blends, and onboard carbon capture pathways.
  • Two-year partnership will focus on energy efficiency, future fuels and unlocking the carbon value chain

Singapore / London: 25 June 2024 – The Oil and Gas Climate Initiative (OGCI) and the Global Centre for Maritime Decarbonisation (GCMD) today announced a two-year coalition partnership agreement to work on a range of solutions to decarbonize the shipping industry.

Areas of collaboration will focus on energy efficiency to reduce emissions, future fuels that are lower in carbon intensity, such as ammonia, methanol and biofuel blends, and onboard carbon capture pathways.

Decarbonizing transport is a critical pathway to net zero and a key focus for OGCI – a CEO-led initiative of 12 of the world’s leading oil and gas companies. Around a fifth of transport emissions come from aviation and marine, and these emissions are harder to abate than road transport, which can more easily switch to electric power.

OGCI is working on the development of low-carbon fuels, such as biofuels, ammonia, hydrogen and E-fuels and has supported the development of onboard carbon capture and storage (OCCS) for ships. OGCI also brings expertise and knowledge from developing land-based carbon capture projects at CCUS hubs to the partnership to mature OCCS, which is at much earlier stage.

GCMD is supporting the decarbonisation of the maritime sector through pilots and trials. Their initiatives include enabling ammonia as a marine fuel, assuring the quality, quantity and emissions abatement of drop-in green fuels, unlocking the carbon value chain through OCCS and scaling the adoption of energy efficiency technologies.

Most recently, GCMD’s projects include a landmark study on offloading onboard captured carbon dioxide, a report examining the propensity of biofuel degradation in marine supply chains, and a pilot addressing concerns of long-term, continuous biofuels use on vessel operations.

Complementary strengths for end-to-end onboard carbon capture at scale

The partnership builds on an existing collaboration between OGCI and GCMD known as Project REMARCCABLE, an initiative to demonstrate end-to-end onboard carbon capture at scale. Phase 1 of this project is now complete and findings will be published later this year.

This partnership further complements GCMD’s efforts, helping to unlock the carbon value chain downstream from OCCS, including offloading, distribution, utilisation and sequestration or utilisation of onboard captured CO2.

As onshore CCUS hubs develop, shipping can be used to transport CO2 from sources to sinks. Sharing best practices, coordinating efforts and harmonising CO2 transport standards can also accelerate the development of CCUS hubs.

OGCI’s Managing Director Julien Perez said:

Julien Perez, Managing Director of OGCI and OGDC

“This partnership is a great example of cross-industry collaboration to achieve emissions reductions as it combines knowledge and expertise from two critically important industries – energy and shipping – to unlock solutions to help decarbonize this hard-to-abate sector.”

Julien Perez, Managing Director, OGCI

Professor Lynn Loo, CEO of GCMD, said:

“Just as our eyes are on decarbonising shipping, we must not forget shipping’s critical role in transporting the next generation of energy from where it’s produced to where it’s needed. Our partnership with OGCI will lend an important lens on shipping’s role in the global fuel transition. As our Coalition partner, we look forward to forge pathways to build up the portfolio of viable solutions for shipping to achieve its net-zero targets.”

Professor Lynn Loo, CEO of GCMD

About OGCI

  • OGCI aims to lead the oil and gas industry’s response to climate change and accelerate action towards a net zero future consistent with the Paris Agreement.
  • Over the past decade OGCI members have demonstrated the essential role that oil and gas companies can play in delivering a net zero future. 
  • Since 2017, OGCI’s members have collectively halved their methane emissions, cut flaring by 45%, invested $65 billion in low-carbon technologies, including renewables, CCUS and direct air capture, biofuels and hydrogen, and shared best practices across the industry and other sectors to accelerate decarbonization. 
  • OGCI’s members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Oxy, Petrobras, Repsol, Shell and TotalEnergies.

Media Contact: Selina Williams selinaw@ogci.com

About the Global Centre for Maritime Decarbonisation

The Global Centre for Maritime Decarbonisation (GCMD) was established as a non-profit organisation on 1 August 2021 with a mission to support the decarbonisation of the maritime industry by shaping standards, deploying solutions, financing projects, and fostering collaboration across sectors.

Founded by six industry partners namely BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, Ocean Network Express and Seatrium (formerly Sembcorp Marine), GCMD also receives funding from the Maritime and Port Authority of Singapore (MPA) for qualifying research and development programmes and projects. Since its founding, bp, Hapag-Lloyd and NYK Line have joined as Strategic partners. To-date, over 100 centre- and project-level partners have joined GCMD, contributing funds, expertise and in-kind support to accelerate the deployment of scalable low-carbon technologies and lowering adoption barriers. 

Since its establishment, GCMD has launched four key initiatives to close technical and operational gaps in: deploying ammonia as a marine fuel, developing an assurance framework for drop-in green fuels, unlocking the carbon value chain through shipboard carbon capture and articulating the value chain of captured carbon dioxide as well as closing the data-financing gap to widen the adoption of energy efficiency technologies.

GCMD is strategically located in Singapore, the world’s largest bunkering hub and busiest transshipment port. For more information, go to www.gcformd.org

Media contact: Xingti Liu, Director, Communications | +65 6979 7660 | xliu@gcformd.org

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