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BHP and NYK sign decarbonisation MoU

BHP/NYK BHP_NYK_Signing.png
BHP and NYK will support the decarbonisation of ocean transportation in their shared supply chain signed under a new Memorandum of Understanding (MoU).

The companies said they will work together to study blue and green ammonia-fuelled zero-GHG emission vessels. If the fuels prove viable, the project could help the companies achieve their longterm GHG emissions reductions targets, they added.

BHP and NYK also aim to promote the use of other technologies that reduce emissions, including efficiency technologies and other low- and zero-carbon fuels.

BHP’s Vice President of Maritime & Supply Chain Excellence, Rashpal Singh Bhatti, said: “Signing this MOU with NYK, one of our long-term strategic partners, lets us leverage their reach and depth of expertise in shipping and decarbonisation - including the future fuel transition the industry must make - in support of BHP’s decarbonisation ambitions for net zero Scope 3 GHG emissions from shipping of BHP’s sold products by 2050.”

Nobuhiro Kashima, Managing Executive Officer-Chief Executive of Dry Bulk Division, NYK, said: “NYK is very pleased to expand our strategic partnership with BHP with a specific aim and focus on decarbonisation and we look forward to developing decarbonisation solutions for our shared supply chain. This deepens our relationship as strategic business partners. Going forward, NYK will continue to make full use of our knowledge, innovation and technologies as one of the world’s leading shipping companies to support our decarbonisation of shipping in cooperation with customers.”

TAGS: Dry Bulk Asia