2024-02-13 08:49

ONE Advances Net-Zero Commitment with Approval in Principle



Ocean Network Express (ONE) is proud to announce the award of Approval in Principle (AiP) for an Ammonia Dual-fueled vessel. Along with the investment in 12 methanol dual-fueled vessels, this marks another milestone for ONE on its journey towards net-zero by 2050.
 
The newly AiP-awarded 3,500 TEU vessel was jointly developed by ONE, Nihon Shipyard Co., Ltd. (NSY) and classification society DNV , as part of a joint development project established in late 2022 among the three parties.
 
ONE has been studying the feasibility of ammonia as an alternative fuel for zero emission according to the roadmap for alternative fuels which was developed by ONE in 2022. In conjunction with the roadmap, ONE participated in a GCMD-led ammonia bunkering pilot safety study. “Ammonia is definitely one of the primary focuses of our research as ammonia fuel has a great potential of generating lower GHG emissions than conventional marine fuels. We are pleased to have made such a progress, and we will continue our study on ammonia.” said Koshiro Wake, Senior Vice President of Corporate Strategy & Sustainability Department at ONE.
 
"Ammonia is one of the promising future marine fuels with great potential to decarbonize shipping. We are confident that DNV's rules for ammonia will help our customers to safely adopt this new fuel type once the infrastructure is in place. We are grateful to our JDP partners for entrusting us with this pioneering project that will help the entire maritime industry to adopt ammonia as a marine fuel”, said Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime at DNV.
 
ONE Green Strategy has set an ambitious target to achieve Net-Zero GHG emissions, encompassing Scope 2 and 3 by 2050. To achieve the target, transition from conventional fuel to alternative fuels is defined as ONE's key pillar of Green initiatives. ONE will continue to study alternative fuels as it strives to become net-zero by 2050. 

< Korea Shipping Gazette >

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