ClassNK commits $25 million to joint GHG reduction programme

08 Mar 2010

Class NK chairman and president Noboru Ueda announcing the company's participation in the GHG programme

ClassNK chairman and president Noboru Ueda has announced that ClassNK will commit 2.2 billion yen ($25 million) in research and funding as part of its participation in a national joint R&D program to reduce maritime greenhouse gas (GHG) emissions.

ClassNK says that its commitment will cover more than 25% of the project’s total budget of 8.5 billion yen ($95 million) through 2012.

Ueda, who will become chairman of the International Association of Classification Societies (IACS) in July 2010, stated that: “Classification societies must take a leading role in the reduction of greenhouse gas emissions.”

He continued by saying, “Our commitment as an industry must go beyond merely helping to establish goals for reducing maritime emissions. We must actively contribute to developing, funding, and promoting concrete, practical technologies to make the achievement of these goals a reality.  The commitment we are making today is an important step in that process.”

The R&D programme is part of a national effort to reduce GHG emissions established by Japan’s Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) in 2009. More than 20 projects currently being conducted by major Japanese maritime companies have already been selected for funding and assistance by MLIT. Participants in the programme are said to represent vast breadth of the Japanese maritime cluster, including shipping companies, shipbuilders, manufacturers, and research organisations

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