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Live from SMM Hamburg

Cargill, Rainmaking and DNV GL launch second phase of CO2 challenge

In the quest to reduce greenhouse gas (GHG) emissions from shipping Cargill, Rainmaking and DNV GL have launched the second stage of a CO2 challenge at SMM 2018.

The CO2 challenge seeks to find and scale technologies that can reduce GHG emissions from vessels by 10%.

“We’ve had a positive response to the CO2 Challenge,” said George Wells, global head of assets and structuring at Cargill. “We have the opportunity to meet some of the start-ups in person at SMM in Hamburg and we are impressed with the technologies and new ideas. As the CO2 Challenge continues, we are confident that we will continue to see interesting options.”

Since it was launched in June the challenge has received applications from 70 companies, in 20 countries, covering a wide variety of technical applications, including wind propulsion, engine optimization, digital, air lubrication, hull optimisation and more.

Seatrade Maritime News is reporting live from SMM 2018

The International Maritime Organization (IMO) has set what DNV GL ceo Remi Eriksen describes as an ambitious, but achievable, target to reduce CO2 emissions from shipping by 50% in 2050.

Read more: Revolution needed in marine propulsion to meet IMO's 50% greenhouse gas reduction target

The CO2 Challenge is still open to new applicants until 17 September 2018 and potential applicants can visit the website to apply.