NYK has revealed plans to conduct comprehensive trials throughout fiscal year 2024, focusing on the extended use of biofuels for the navigation of its current fleet of heavy oil-fired vessels.
These biofuels are thought to have net-zero CO2 emissions. Following on from the previous short-term experiments, NYK will thoroughly validate the safety and long-term procurement of biofuels.
Through this experiment, NYK aims to create a safe biofuel navigation system and encourage biofuel development in order to meet the group’s aim of a 45 per cent decrease in greenhouse gas (GHG) emissions by fiscal 2030 compared to fiscal 2021.
NYK will employ biofuel on several vessel types for three months in this study. Following that, NYK will progressively expand biofuel usage over a longer length of time to allow for additional validation.
The NYK Group has performed short-term biofuel testing on around ten vessels during fiscal 2019. While NYK has validated the safety of short-term biofuel usage, the influence of biofuels on the ship’s main engine, generator, motor, fuel delivery system, and so on, as well as the quality of biofuels after a particular storage duration, have not been verified.
NYK also needed to maintain the stability of biofuel procurement when more boats were added.
Last year, the company set a new target to reduce the Group’s GHG emissions by 45 per cent from the fiscal 2021 level by fiscal 2030.