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NYK and Codelco sign MoU to decarbonise copper transport

Photo: Codelco/NYK CODELCO- NYK-.jpeg
NYK Bulk & Project Carriers (NBP) and Chile's National Copper Corporation (Codelco) have signed a Memorandum of Understanding (MoU) to jointly study the decarbonised transport of copper products.

The two companies will jointly promote the evaluation and development of next-generation fuel technologies and study the use of decarbonised vessels for the maritime transport of copper products.

The global demand for copper is expected to increase in the future due to the development of electricity grids for offshore wind power generation, the spread of electric vehicles, amongst others.

Codelco and NBP aim to contribute to the achievement of a decarbonised society by transporting and supplying copper products to copper cable producers and others using environmentally friendly means of transport.

“We, as a company specialising in transport by bulk carriers, multipurpose vessels, heavy lift vessels and self-propelled deck vessels, seek to contribute to the decarbonisation of the world in cooperation with customers by making the most of the knowledge and technology that the NYK Group has accumulated," said Motoyuki Nose, President of NBP.

"We have signed an MoU with NBP to jointly explore a technology based on state-of-the-art fuels that will allow us to advance in the decarbonisation of the maritime transport of our products. This is a significant step for Codelco in its quest to reduce its carbon footprint, not only with respect to its direct emissions, but also its indirect emissions, as in this case," added Maximo Pacheco, Chairman of the Board of Codelco.

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