HMM inks MOU to reduce greenhouse gas emissions from ships
SOUTH Korea's leading shipper HMM has signed a memorandum of understanding (MOU) with the Korea Bio Energy Association, Hyundai Heavy Industries Co, Korea Shipbuilding & Offshore Engineering Co, and the Korean Register of Shipping in a move to strengthen its efforts to reduce the emission of greenhouse gases from its ships
25 August 2020 - 19:00
HMM inked the MOU to promote the substantiation of the eco-friendly fuel bio heavy oil, an alternative fuel to heavy oil that is made by using resources such as animal and plant oils and the residues of bio diesel processing as main ingredients.
HMM said it expects bio heavy oil to be designated for use on its vessels through additional R&D since it has similar properties to existing ship fuels.
Under the terms of the MOU, HMM will pursue cooperation in the establishment of bio heavy oil quality standards and a fuel supply system. To this end, the company plans to test the use of bio heavy oil-mixed fuel for its 13,100 TEU-class container ship currently in operation.
Hyundai Heavy and Korea Shipbuilding will be responsible for in-land testing of bio heavy oil by establishing related test facilities, reports Korea Bizwire.
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