DP World joins First Movers Coalition to decarbonise shipping
At least 5% of DP World’s short-sea shipping to be powered by zero-emission fuels by 2030
DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its 5% of its marine power will come from hybrid engines and zero-emission fuels by 2030, making clear its commitment to decarbonisation through the adoption of emerging technologies to accelerate a green and inclusive transition to a net zero future.
Led by the World Economic Forum and the US Government, the FMC is dedicated to addressing the decarbonisation challenges of seven hard-to-abate sectors, aluminium, aviation, chemicals, concrete, shipping, steel and trucking, which collectively contribute to 30% of global emissions.
Zero emission fuels
DP World has committed that by 2030, at least 5% of its short-sea shipping will be powered by zero-emission fuels through the introduction of two hybrid-electric and five methanol-enabled vessels.
DP World expects its total demand for clean methanol to power the five vessels will be around 38,000 tonnes per year by 2030. Unifeeder Group, another part of DP World Marine Services, has already signed a long-term time-charter agreement for two new methanol-capable container feeder vessels, which will be deployed in Europe.
Clear signal
“Joining the First Movers Coalition is a clear signal of our intent to tackle the climate impact of our operations while maintaining the efficient flow of global trade,” remarked Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO.
“Decarbonisation is a core focus for DP World, and as part of the First Movers Coalition, we’re able to work collectively with like-minded organisations to actively drive positive change,” commented Jesper Kristensen, Group Chief Operating Officer, Marine Services, DP World.
The FMC currently has more than 90 members, whose commitments will represent an annual demand of $15 billion for emerging climate technologies and 29mn tonnes of CO2 equivalent in annual emissions reductions by 2030.
