The vessel development project, which targets delivery of the ship in 2024, was also selected to receive public funding through the
Methanol can reduce emissions of sulfur oxide (SOx) by up to 99%, particulate matter (PM) by up to 95%, nitrogen oxide (NOx) by up to 80%, and carbon dioxide (CO2) by up to 15%, compared to vessels using conventional fuel oil, which is currently the main fuel for marine vessels. Methanol has outstanding properties for use as a fuel, as it is liquid at normal temperatures and normal air pressure. Methanol fuelhas been more widely introduced on ocean-going vessels as an environmentally friendly fuel, including four
In addition, methanol can be produced with CO2 and hydrogen as raw material, so in the future, it can be produced by utilizing the CO2 capture and transport business to synthesize hydrogen, which uses
electricity derived from renewable resources such as offshore wind power and wave power. If this methanol can be used as fuel, it can establish an environmental circulation type business model, enabling a reduction in net CO2 emissions.
The six alliance partners will each orchestrate their advantages in technology, expertise, and networks (Note 2) aiming to realize a decarbonized society.
(Note 1)
The funding subsidizes the costs required to conduct the demonstration project with the aim of optimizing overall transport by introducing measures on software aspects such as ship operation
planning and optimization of cargo handling operations, as well as hardware-based steps such as
energy-saving ship designs, high-efficiency propulsion systems, and systems and equipment to enhance
cargo-handling operations.
(Note 2)
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https://www.mol.co.jp/en/pr/2022/img/22034.pdf
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