OGCI and GCMD team up to decarbonize maritime industry

The Oil and Gas Climate Initiative (OGCI) and the Global Centre for Maritime Decarbonisation (GCMD) have joined forces in a two-year partnership to work on decarbonizing the shipping industry. This collaboration will focus on energy efficiency, future fuels with lower carbon intensity like ammonia and biofuel blends, and onboard carbon capture pathways. Decarbonizing transport is crucial for achieving net zero emissions, with around a fifth of transport emissions coming from aviation and marine sources.

OGCI, a CEO-led initiative of major oil and gas companies, is focusing on developing low-carbon fuels and onboard carbon capture and storage (OCCS) solutions for ships. GCMD is supporting the maritime sector through pilots and trials, such as using ammonia as a marine fuel and addressing concerns about biofuel degradation. By combining their expertise, the two organizations aim to unlock solutions to help decarbonize the shipping industry and accelerate the development of carbon capture, utilization, and storage (CCUS) hubs.

The partnership between OGCI and GCMD exemplifies cross-industry collaboration to reduce emissions. By leveraging the knowledge and expertise of the energy and shipping sectors, the partnership aims to develop viable solutions for shipping to achieve its net-zero targets. Both organizations recognize the importance of shipping in the global fuel transition and are committed to working together to build a portfolio of sustainable solutions for the industry.

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