BHP has pledged to contribute S$10 million to support the establishment of the Maritime Decarbonisation Centre in Singapore, and fund research and technology development projects in areas relating to decarbonisation in the shipping industry.
The miner signed a memorandum of cooperation (MoC) with Singapore’s Maritime and Port Authority (MPA) to become one of the founding members of the centre.
The Maritime Decarbonisation Centre will be a focal point for the global maritime industry’s efforts in both decarbonisation and innovation, bringing together experts and the industry, including start-ups, to develop technologies and co-create innovative solutions. The centre will collaborate with other maritime technology centres based in Singapore as well as decarbonisation centres around the world to share knowledge and build capabilities. It will also support trials of new fuels and technologies.
BHP is the only resources company that is part of the alliance. BHP’s Chief Commercial Officer Vandita Pant said the MoC is another step forward for industry leaders in taking action on decarbonisation and climate change.
“The pathway to decarbonisation in the maritime sector will accelerate with the innovation centre and the spirit of collaboration with which MPA and its partners are approaching and investing in new technology. The opportunity to achieve real reductions in industry footprint with this collaboration is great. It builds on a number of partnerships that BHP has struck across our value chain to seek to accelerate decarbonisation,” Pant said.
BHP was part of the first marine biofuel trial involving an ocean-going vessel bunkered in Singapore on 4 April, and has led the industry in its support for maritime emissions reduction initiatives.