MAN Energy Solutions is investing significantly in its hydrogen subsidiary, H-TEC SYSTEMS (Source: MAN Energy Solutions)

Green hydrogen deal signed at COP27

MAN Energy Solutions and several organisations and companies have signed a ‘Joint Statement on Green Hydrogen and Green Shipping’ to promote the rapid adoption of green hydrogen-based marine fuels this decade.

Partners in the collaborative initiative include the Aspen Institute, the Global Maritime Forum’s Getting to Zero Coalition, the Green Hydrogen Catapult, InterContinental Energy, and A.P. Møller–Maersk. The Joint Statement calls on policy makers to match targets aimed at achieving the complete decarbonisation of shipping by 2050.

MAN’s CEO, Uwe Lauber, who signed the agreement on behalf of MAN Energy Solutions, said: “Decarbonisation of the marine industry is a mammoth undertaking but, I believe, eminently achievable through cooperation with like-minded industry partners.

“At MAN Energy Solutions, we believe that hydrogen has a key role to play in getting to net zero and our recent, significant investment in our hydrogen subsidiary, H-TEC SYSTEMS, intends to quickly transform it into a mass producer of PEM electrolysers. More than anything, the world needs a massive amount of industrially scaled, green hydrogen production to build momentum for the broad adoption of hydrogen as a maritime fuel.”

The signatories plan to pursue cross-sector collaboration to achieve:

• Commercially viable, zero-emission, deep-sea vessels from 2030 with the intention of using exclusively zero-emission ocean-freight services by 2040;
• The scaling-up of annual green hydrogen production to 5.5 million tonnes by 2030;
• The full decarbonisation of the shipping sector by 2050 at the latest.

The Joint Statement was facilitated by Climate Change ‘High-Level Champions’ – United Nations’ nominees that connect governmental work with the voluntary and collaborative initiatives taken by cities, regions, businesses, and investors, together with the Colorado-based non-profit energy organisation, RMI.

Article Editorial staff Ship&Offshore
Article Editorial staff Ship&Offshore