Kawasaki Kisen Kaisha (K Line) has announced it is raising its greenhouse gas (GHG) emissions reduction target to net-zero by 2050.
It is revised targets, K Line states that it aims to improve CO2 emission efficiency by 50 per cent by 2030 compared to 2008, exceeding the 40 per cent target set by the International Maritime Organization (IMO).
To meet this target, K Line has already introduced LNG-fuelled carriers, and is working to introduce various energy-efficiency technologies, such as wind power propulsion.
In the second half of the 2020s, K Line aims to introduce zero-emission vessels powered by new fuels, such as ammonia and hydrogen, and carbon-neutral fuels, such as bio-LNG and synthetic fuel. The company will actively support projects aimed at a decarbonised society, including support vessels for projects related to the renewable energy field, Mr Yukikazu Myochin, president and CEO of K Line confirmed in the company’s recent statement.
In 2023, K Line plans to deliver a very large gas carrier (VLGC), mainly fuelled by liquefied petroleum gas (LPG) and capable of carrying LPG or ammonia, with a view to transporting ammonia in the future. This will reportedly generate an approximate 20 per cent reduction in CO2 emissions, compared with heavy-oil fuelled vessels.