Mitsui intends to strengthen ties with the other partners participating in the centre and contribute to the creation of an eco-friendly society through the promotion of the decarbonisation of the shipping industry as an essential infrastructure for a prosperous society. The centre has seven founding partners and six strategic partners including Mitsui.
Mitsui aims to plan and operate projects and as well as providing knowledge throughout the entire supply chain, the company said. One of the priority areas identified by Mitsui in its Medium-term Management Plan 2023 is “Sustainability Management; Evolution of ESG”, while the company’s vision for 2050 calls for the achievement of net-zero emissions.
The International Maritime Organization (IMO) has set the target of halving GHG emissions relative to the 2008 level by 2050.
The use of alternative fuels, such as hydrogen, ammonia, methanol, and biofuels, has been attracting attention but issues will need to be overcome before these fuels can be used on a practical basis, including technological development, supply capacity, and economic viability and the verification of their practicality across entire supply chains.
Through collaboration with the shipping industry across the supply chain, the centre will carry out R&D and develop practical solutions relating to alternative fuels and new technologies related to ship operations.