bp has joined the Global Centre for Maritime Decarbonisation (GCMD) as a strategic partner, which was marked by a partnership agreement ceremony in Singapore.
GCMD was set up to help drive decarbonisation of the maritime industry and bp said it was delighted to be working with GCMD to help further this aim.
GCMD is based in Singapore – one of the world’s busiest ports. It was set up as a non-profit organisation in August last year to help the maritime industry meet or exceed the International Maritime Organisation’s (IMO) GHG emission reduction goals for 2030 and 2050.
It aims to achieve this by creating opportunities for cross-industry collaboration and sharing its projects’ outcomes, aimed at helping fuel the energy transition within the maritime industry. This partnership adds S$10 million (€6.7 million) in funding, giving GCMD’s efforts a further boost.
Carol Howle, bp’s executive vice president for trading & shipping, said: “bp has helped shape the shipping industry for more than 100 years.
“A net zero future for the maritime sector demands industry collaboration, and GCMD is bringing to the forefront the conversations that matter most. As part of GCMD, we look forward to working with key industry players to further progress solutions at the pace and scale needed to help this carbon-intensive sector transition.”
Professor Lynn Loo, GCMD’s chief executive officer, said: “bp’s net zero ambitions and investments in low carbon solutions are aligned with GCMD’s mission and projects. Together with bp and our other partners, we aim to foster collaboration to address challenges and untangle the complexities of decarbonizing shipping. We look forward to working closely with and leveraging bp’s experience and expertise in our pilots and trials.”
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