Oil and Gas Climate Initiative and Global Centre for Maritime Decarbonisation launch two-year collaboration

In Singapore, Oil and Gas Climate Initiative (OGCI) and the Global Centre for Maritime Decarbonisation (GCMD) announced a two-year coalition partnership agreement to work on a range of solutions to decarbonize the shipping industry.

Areas of collaboration will focus on energy efficiency to reduce emissions, future fuels that are lower in carbon intensity, such as ammonia, methanol and biofuel blends, and onboard carbon capture pathways.

Decarbonizing transport is a critical pathway to net zero and a key focus for OGCI – a CEO-led initiative of 12 of the world’s leading oil and gas companies. Around a fifth of transport emissions come from aviation and marine, and these emissions are harder to abate than road transport, which can more easily switch to electric power.

OGCI is working on the development of low-carbon fuels, such as biofuels, ammonia, hydrogen and E-fuels and has supported the development of onboard carbon capture and storage (OCCS) for ships. OGCI also brings expertise and knowledge from developing land-based carbon capture projects at CCUS hubs to the partnership to mature OCCS, which is at much earlier stage.