BHP has signed a Memorandum of Cooperation (MoC) with Singapore’s Maritime and Port Authority (MPA) to become one of the founding members of the Maritime Decarbonisation Centre to be set up in Singapore.
Under the MoC, BHP together with BW Group, Eastern Pacific Shipping, Ocean Network Express, Sembcorp Marine Ltd, and The Foundation Det Norske Veritas has pledged to contribute SGD 10M each to support the establishment of the centre and fund research and technology development projects in areas relating to decarbonisation in the maritime industry. MPA will add SGD 60M R&D funding to these contributions, bringing the fund to a total of SGD 120M.
The Maritime Decarbonisation Centre will be a focal point for the global maritime industry’s efforts in both decarbonisation and innovation, bringing together experts and the industry, including start-ups to develop technologies and co-create innovative solutions. The centre will collaborate with other maritime technology centres based in Singapore as well as decarbonisation centres around the world to share knowledge and build capabilities.
The centre will support trials of new fuels and technologies. It will include facilities for corporate labs, research facilities, and house research offices and space for maritime tech start-ups.
BHP is the only resources company that is part of the alliance and BHP’s Chief Commercial Officer, Vandita Pant, said the MoC is another step forward for industry leaders in taking action on decarbonisation and climate change.
