NYK is embarking on a comprehensive, long-term trial starting in the fiscal year 2024 to extensively test the viability of biofuels with the aim of reducing net-zero CO2 emissions in its existing heavy oil-fired vessels.
NYK Shipping Line is planning to conduct trials of applying biofuels in Logistics in 2024.
This initiative goes beyond previous short-term tests and focuses on thorough evaluations of the safety and sustainable procurement of biofuels during extended operational periods.
The primary objective of this extensive trial is not only to establish a secure navigation system using biofuels but also to demonstrate NYK’s dedication to fostering biofuel development. This commitment aligns with the company’s ambitious target of slashing greenhouse gas (GHG) emissions by 45% by fiscal year 2030 compared to fiscal year 2021
NYK’s goal is slashing greenhouse gas (GHG) emissions by 45% by fiscal year 2030 compared to 2021.
During this trial phase, NYK plans to implement continuous biofuel usage across various vessel types for a duration of three months. Following this initial period, the company aims to progressively expand the application of biofuels over an extended timeframe to conduct more detailed validation and analysis.
While NYK had previously engaged in short-term biofuel trials involving around 10 vessels since fiscal year 2019, a comprehensive assessment of the impacts of prolonged biofuel use on crucial components like the main engine, generator, motor, fuel supply system, and biofuel quality after extended storage has not been carried out.
On November 6, NYK unveiled its NYK Group ESG Story 2023, emphasizing a renewed commitment to cut the group’s GHG emissions by 45% from the fiscal year 2021 baseline by fiscal year 2030. To achieve this ambitious goal, NYK is actively pushing forward with this trial to validate the effective integration of biofuels, furthering its contribution towards meeting the established environmental objectives.
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