Global mining company Fortescue, and marine transport company COSCO Shipping, have signed a non-binding memorandum of understanding to work together to decarbonize shipping.
Both companies will collaborate on developing technologies to lower emissions and build a green fuel supply chain. This includes exploring the construction and deployment of COSCO Shipping vessels, or co-owned vessels, powered by green ammonia, to ship iron ore and other mineral products with the aim of reducing Australia-China Iron Ore Green Shipping Corridor’s carbon emissions. The signing ceremony held in Shanghai was attended by Fortescue Metals CEO Dino Otranto, and executive vice president of COSCO Shipping, Lin Ji.
Tags: COSCO Shipping, Fortescue, Green Fuel, Supply
Recent Posts
Lumax to acquire majority stake in Greenfuel Energy Solutions
Ethanol production capacity in India increases
Singapore bunker hub posts decline in fuel sales for Aug
Nayara Energy sees 14.3% rise in domestic fuel sales
Amid hike in demand for ethanol, India may become importer of corn
India announces partnership with the European Hydrogen Week
FuelEU Maritime ready for 2025?
MOL, Chevron to install pair of hard sails on LNG carrier