Low-Carbon Technologies
With the deepening awareness of environmental protection worldwide, such as the IMO's annual carbon intensity reduction targets or the European Union's goal of achieving a 75% GHG reduction by 2050 compared to the relative baseline year 2020, Yang Ming has been actively dedicated to low-carbon technology investment and R&D, paid continuous attention to the development of low-carbon industries, sought opportunities to invest in clean energy and relevant transport ships in a pragmatic manner, and adopted a variety of strategies including developing the deployment of alternative fuels, researching energy-efficient technologies for ships, and engaging in industry-academia collaboration, welcoming the challenges of global zero carbon emissions and attaining the goal of green sustainability.
Development of Alternative Fuels and Energy-saving Technologies
We have kept an eye on the technical maturity of different alternative fuels for ships (e.g., biofuel, methanol, hydrogen, ammonia), the vertical integrity of the supply chain, and the development of international environmental protection regulations. As LNG fuel has 20% less carbon emissions compared to traditional fuel and the infrastructure and technology for LNG is relatively mature compared to those for other fuels, we have chosen to contract five 15,5000 TEU LNG duel-fuel container ships for our new ship building plan, which are expected to be delivered from 2026 onwards. In addition, we plan to use biofuel that complies with the ISCC (International Sustainability & Carbon Certification) process certification to replace traditional fuel, which is expected to reduce well-to-wake carbon emissions by about 20% compared to traditional fuels. This is intended to reduce carbon emissions and enhance the overall competitiveness of the fleet. Since 2023, Yang Ming has gradually arranged basic and advanced LNG and engine model training for seafarers to obtain certificates for the IGF CODE.
For the research of energy-efficient technologies for ships, the Company has put in continuous efforts and gained progressive outcomes. Currently, the research focuses on carbon capture devices, air lubrication systems, energy-efficient wind shields, energy-efficient propellers, shaft generators, and exhaust/waste heat recycling systems. While assessing the maturity of relevant infrastructure (e.g., refueling ports), fuel supply chains, and main engine/electric machinery technology development, Yang Ming will continue investing resources in seeking the innovation and breakthrough of energy-efficient technologies to help achieve the goal of green shipping.
Low-carbon Investments for Onshore Business Locations | |
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Use of renewable energy un the business building |
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Promotion of Renewable Energy Procurement |
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Vehicle Electrification |
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Electrification of Container Yard Equipment |
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