Starting in fiscal 2024, NYK will conduct full-scale trials for long-term use of biofuels, which are considered to have net-zero CO2 emissions, in navigating its existing heavy fuel oil powered vessels. Moving forward from the previous short-term trials.
NYK will comprehensively verify the safety and stable procurement of biofuels when used over a long period. Through this trial, NYK will establish a safe navigation system using biofuels and promote biofuel development to achieve the Group’s goal of a 45% reduction in greenhouse gas (GHG) emissions by fiscal 2030 compared to fiscal 2021.
In this trial, NYK will use biofuel continuously for three months on multiple vessel types. After that, NYK will gradually extend biofuel use for a longer period for further validation.
Since fiscal 2019, the NYK Group has conducted short-term biofuel bunkering trials on about 10 vessels. While NYK has confirmed the safety of short-term biofuel use, NYK has not verified the impact of biofuels on the ship’s main engine, generator, motor, fuel supply system, etc., and the quality of biofuels after a certain storage period. NYK also needed to ensure the stability of biofuel procurement when used in more vessels.
NYK announced the NYK Group ESG Story 2023 on November 6, declaring a new target to reduce the NYK Group’s GHG emissions by 45%** from the fiscal 2021 level by fiscal 2030. NYK will promote this trial to achieve the goal.
Biofuels are produced from biological sources (biomass), such as waste cooking oil, and are considered to have net-zero CO2 emissions during combustion. Biofuels, also usable in heavy oil–fired engines, are one of the critical solutions to reducing GHG emissions during the transition from heavy oil to zero-emission fuels.
About NYK Line
Founded in 1970, NYK Line, officially known as Nippon Yusen Kabushiki Kaisha, has emerged as a global leader in the maritime industry. With its headquarters in Tokyo, Japan, NYK Line has played a pivotal role in connecting the world through efficient and reliable shipping services. The company’s rich history is intertwined with a commitment to excellence, innovation, and sustainability, making it a prominent force in the dynamic landscape of international trade and transportation.
NYK Line’s extensive fleet of vessels spans across diverse sectors, including container shipping, bulk shipping, car transportation, and energy transportation. The company’s reach extends to every corner of the globe, facilitating the smooth flow of goods and fostering economic development on a global scale. With a focus on cutting-edge technology and operational efficiency, NYK Line has consistently adapted to the evolving needs of the industry, ensuring that it remains at the forefront of maritime solutions.
Source NYK Line