Cargill to bankroll shipping’s decarbonisation

Cargill to bankroll shipping’s decarbonisation

One of the largest charterers in shipping, agribusiness giant Cargill, has launched a global hunt for innovative technologies to help decarbonise the sector. The CO2 Challenge aims to find and scale new technologies capable of reducing a ship’s gross CO2 emissions by 10%. The initiative has been launched in partnership with class society DNV GL and Rainmaking, a company which specialises in start-up accelerators, co-working projects and innovation partnerships.

All businesses and entrepreneurs who have a product in need of commercial assessment, testing, investment and scaling can apply to participate in the CO2 Challenge immediately, with an application deadline of September 17, 2018.

“The CO2 Challenge is the start of an exciting journey. By taking this innovative approach, we hope to uncover new technologies, new ideas and new ways of working to help our industry meet the challenge of decarbonization and reduce its impact on global warming. Applicants have a unique opportunity to see their product make it onto a vessel and, hopefully, into wider commercial production,” said Jan Dieleman, president of Cargill’s ocean transportation business.

“As an industry, we need to explore solutions like zero-carbon fuels, energy efficiency measures, efficient vessel designs, and better ship utilization backed by deep technical knowledge, solid data and analysis. We look forward to working with Cargill and the applicants to realize these goals,” commented Trond Hodne, senior vice president, sales and marketing director at DNV GL – Maritime.

In its 2017 corporate responsibility report, Cargill, which operates a fleet of around 600 ships at any given time, affirmed its commitment to improving the sustainability of its global dry bulk shipping operations and help lead the maritime industry to a sustainable future. Cargill aims to reduce its CO2 per cargo-ton-mile by 15% by the end of 2020.

“Cargill is confident we will meet our CO2 commitments. This Challenge is focused on extending that commitment and ability across the industry,” said Dieleman.

Interested parties should visit the CO2 Challenge website.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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