Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG (electric, natural gas derived from green hydrogen), and Kawasaki Kisen Kaisha, Ltd. (“K” LINE), a prominent Japanese logistics company renowned for its diverse fleet, are teaming up with each other to lead the transition towards net-zero greenhouse gas emissions in the maritime sector by 2050.
With a mission to deliver reliable and affordable green energy through giga-scale projects, TES is developing a global portfolio of e-NG production and import projects. e-NG, a green molecule obtained by combining green hydrogen with biogenic or recycled CO2, is poised to revolutionize the decarbonization of the maritime transport sector. In parallel, “K” LINE is strategically advancing towards 2030 interim milestones, which include transitioning its vessel to cleaner fuels such as hydrogen and e-NG.
“K” LINE and TES are exploring potential collaboration opportunities, including broadening the scope of e-NG partnerships and the various facets of the value chain to accelerate the adoption of cleaner fuels in maritime transport. This collaboration entails blending captured CO2 emissions with green hydrogen to produce e-NG, thereby facilitating the transition to cleaner bunker fuels for “K” LINE’s vessels. Such discussions aim to secure and procure e-NG, a sustainable fuel to meet the “K” LINE’s or its subsidiaries’ bunkering needs in Europe, originating from the TES green energy hub in Wilhelmshaven, Germany.
Moreover, both parties will consider the regulatory landscape surrounding low/non-carbon fuels, carbon intensity, CO2 accounting, certification, and incentive schemes. By such a consideration of supportive regulatory frameworks, “K” LINE and TES aim to bolster the development of e-NG projects, driving forward the transition to a more sustainable energy future.
In addition to commercial endeavors, technical collaboration is also on the agenda, encompassing the operation and management of e-NG carriers and Liquified CO2 carriers and exchanging information relating to CO2 capture and utilization onboard vessels.
Marco Alverá, CEO and Co-Founder of TES, commented: “The partnership between “K” LINE and TES marks a significant milestone in our collective efforts to drive decarbonization within the maritime transport sector. By leveraging TES’ expertise in green fuels and “K” LINE’s commitment to decarbonize long-haul shipping, we aim to pioneer cleaner and more efficient maritime operations, setting a precedent for the industry worldwide.”
Satoshi Kanamori, Managing Executive Officer of “K” LINE, commented: “At “K” LINE, we are deeply committed to realizing our vision of a carbon-neutral future for maritime transport. Partnering with TES allows us to combine our strengths and resources to accelerate the adoption of e-NG, laying the groundwork for a more sustainable shipping and logistics industry.”
Source: Hellenic Shipping News
