22nd June 2022
GAC Norway joins HyValue initiative to drive development of hydrogen as a fuel in maritime applications
GAC Norway has signed up to play a vital role in a major Norwegian hydrogen energy project as part of the GAC Group’s commitment to sustainability and accelerating decarbonisation across the wider maritime industry.
The HyValue initiative will look to develop knowledge, methodology and innovative solutions for the production of hydrogen energy carriers in a bid to further Norway’s transition to a low emission society.
The project is being led by NORCE, one of Norway’s largest independent research institutes, and will receive funding of NOK15 million per year until 2030 from the Norwegian government’s Ministry of Petroleum and Energy.
As a global leader in the supply of alternative fuels, GAC Norway, with the aid of the wider GAC Group, will draw on its experience and expertise of low carbon and sustainable bunker fuels to support the HyValue initiative when it comes to the development of strategies for the storage, handling and bunkering of hydrogen in maritime applications.
It will also assist with the development of maritime logistics and supply chain mechanisms, as well as understanding regulations and financial incentives to promote the advantages of hydrogen as an alternative fuel source for shipping.
“GAC Norway will be drawing on the valuable experience we have gained working with scientists, large-scale research organisations and major maritime partners to support this important initiative,” said Ole Fredrik Torpe, GAC Norway’s Quality, Training and Development Officer.
“We look forward to applying our wealth of experience to the HyValue project, working side-by-side with the best scientists and universities in Norway whilst demonstrating the global reach and operational excellence of the entire GAC Group,” he added.
Fionn Iversen, HyValue’s Centre Director, added, “We are very happy to have GAC onboard as a user partner and look forward to working together to develop hydrogen-based solutions that will lower maritime transport sector emissions. GAC’s competency, knowledge and experience related to maritime operations will be very valuable for reaching HyValue’s goals.”
As the maritime industry continues its drive towards decarbonisation and the International Maritime Organization’s goal of halving greenhouse gas emissions by 2050, hydrogen is proving to be the alternative fuel of choice for shipowners around the world.
Hydrogen provides a greener alternative to traditional bunker fuels as it can be produced renewably from electrical energy and bio-renewable processes, is carbon and sulphur free and will disperse organically in the event of a leak.
Hydrogen-powered ferries and smaller shipping vessels are currently in use in Europe and North America, and several major oil and gas players are investing in hydrogen production projects in Europe and Asia. However, there is still a need to develop large-scale storage and handling facilities for hydrogen as it must be compressed into a liquid and kept under high pressure for use as a fuel.
GAC’s vast network of bunkering facilities and infrastructure, as well as its strong relationships with fuel suppliers and ports, means the company is ideally placed to play a leading role in the supply of alternative and sustainable fuels, including hydrogen, as they become more widely available.
GAC Norway’s partnership with HyValue is the latest step in the wider GAC Group’s sustainability strategy, which includes a commitment to UN Sustainable Development Goals and a carbon-zero target of 2030.
“GAC Bunker Fuels has pledged zero oil-based bunker sales by 1 January 2030,” says Nicholas Browne, Global Director of GAC Bunker Fuels and Head of the GAC Group’s Sustainability Working Group. “We are proud to contribute our skills and experience at such an early stage in the development of hydrogen as a marine fuel.”
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About GAC Group
GAC is a global provider of integrated shipping, logistics and marine services. Emphasising world-class performance, a long-term approach, innovation, ethics and a strong human touch, GAC delivers a flexible and value-adding portfolio to help customers achieve their strategic goals.
Established since 1956, the privately-owned group employs around 8,000 people in more than 300 offices worldwide.
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The NORCE-led HyValue is a Norwegian centre for environmentally friendly energy research, supported and funded by the Norwegian Government’s Ministry of Petroleum and Energy. HyValue aims to develop knowledge, methodology and innovative solutions for hydrogen energy carriers to build and support a competitive hydrogen energy sector.
Current partners include Fridtjof Nansen Institute, the Institute of Transport Economics, Norwegian School of Economics, Centre for Applied Research, Western Norway University of Applied Sciences, University of Bergen, University of Stavanger, Forschungszentrum Jülich, Imperial College London, Massachusetts Institute of Technology, Monash University, Netherlands Organisation for Applied Scientific Research, and Potsdam Institute for Climate Impact Research, as well as industry partners and regulative bodies.