Chevron joins Global Centre for Maritime Decarbonisation
Chevron on April 6 announced an agreement to join Singapore-based Global Centre for Maritime Decarbonisation (GCMD).
The US major said its involvement aims to help support GCMD’s efforts to develop potentially scalable lower carbon technologies – including those that enable the use of ammonia as a maritime fuel – and the commercial means to enable their adoption.
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The GCMD is an independent, non-profit organisation, established with support from the Maritime and Port Authority of Singapore. It collaborates with the maritime industry, plans to conduct pilot projects and trials, and advocates for climate policies and standards.
“Lowering the carbon intensity of shipping requires fundamental changes across the entire maritime value chain,” said Mark Ross, president of Chevron Shipping Company. “This is a truly complex task that requires industry-wide collaboration, innovation, and well-designed policy.”
Chevron last year launched Chevron New Energies to accelerate lower carbon businesses in hydrogen; carbon capture, utilisation and storage; offsets; and emerging energy opportunities, as well as support Chevron’s continued focus on renewable fuels and products.