a v ail a bl e. It will als o r e q uir e est a blis hi n g a p ortf oli o of d e vel o p m e nt a n d d e m o nstr ati o n pr oj e cts t h at s u p p ort t h at tr a nsiti o n str at e g y. C er u p- Si m o ns e n p oi nts o ut: “ A l ot of t h os e pr oj e cts ar e o n g oi n g alr e a d y, s o it’s n ot li k e t h e i n d ustr y is st arti n g fr o m s cr at c h. ffi ere’s a l ot of w or k t o b uil d o n h er e a n d it’s as m u c h a b o ut str e n gt h e ni n g a n d c o n n e cti n g a cti viti es w hi c h are alre a d y o n g oi n g.” Fi n all y, b y t h e e n d of t h e d e c a d e, c o m es


i m pl e m e nt ati o n a n d di ff usi o n; s c ali n g u p i n v est m e nts si g nifi c a ntl y a n d all o wi n g n e w s hi ps t o b e b uilt wit h z er o c ar b o n c a p a bilit y w hil e t h e e xisti n g fl e et is als o a d a pt e d t o us e n e w f u el t y p es. “ A bi g p art of t h e s ol uti o n h er e is t o t hi n k i n t er ms of m ulti-f u el c a p a bilit y, b e c a us e w e’r e g oi n g t o n e e d m assi v e i nfr astr u ct ur e a n d s u p pl y d e v el o p m e nts a n d m ost of t h at is n ot g oi n g t o b e a v ail a bl e b y t h e e n d of t h e d e c a d e.”


M a n a gi n g tr a n siti o n D es pit e d o u bts a b o ut t h e vi a bilit y of s o m e of t he pr o p os e d f u el s ol uti o ns, C er u p- Si m o ns e n is c o n fi d e nt t h at d e c ar b o nis e d s hi p pi n g is p ossi bl e b y u ps c ali n g e xisti n g t e c h n ol o gi es. R at h er, it’s a m att er of e ns uri n g s hi p o w n ers c a n tr a nsiti o n s af el y a n d wit h c o n fi d e n c e fr o m t h e c urr e nt f ossil f u el- b as e d s yst e m t o a d e c ar b o nis e d o n e. T his tr a nsiti o n r e q uir es t h e d e v el o p m e nt of e n d-t o- e n d s yst e ms t h at d e m o nstr at e t h e f e asi bilit y of di ff er e nt s e g m e nts m a ki n g t h at s wit c h. C o m pl e m e nti n g t h at are re g ul at or y, fi n a nci al a n d c o m m erci al l e vers w hi c h t h e C e nt er als o ai ms t o s u p p ort. To h el p re alis e t his, it is s etti n g u p fi ve t o


ei g ht d e di c at e d pr o gr a m m es f or s p e cifi c f u el s ol uti o ns, a d dressi n g t h e e ntire s u p pl y


s yst e m a n d o n b o ar d v ess el s yst e ms. F or e a c h of t h es e t h e c ost, e n vir o n m e nt al i m p a ct, d e c ar b o nis ati o n p ot e nti al, s af et y a n d s c al a bilit y will b e ass ess e d. It will als o d et er mi n e t h e t e c h ni c al a n d r e g ul at or y i m p e di me nts. All t he c oll ate d i nf or m ati o n f or e a c h pr oj e ct will i n t ur n i nf or m t he br o a d er de c ar b o nis ati o n str ate g y. A str u ct ur e d a p pr o a c h will b e a p pli e d


t o t e c h ni c al a n d c o m m er ci al f e asi bilit y ass ess m e nts, a n d i nf or m ati o n will b e m a d e p u bli cl y a v ail a bl e, m a ki n g it p ossi bl e t o c o m p ar e a n d c o ntr ast w h er e di ff er e nt f u el s ol uti o ns ar e at e a c h st a g e of d e v el o p m e nt, e vi d e n c e d b y t h e di ff er e nt d e m o nstr ati o n pr oj e cts. “ We’re alre a d y w or ki n g wit h a l ot of pl a yers


a n d c o aliti o ns, b e c a us e t h ere’s a l ot of g o o d w or k g oi n g o n. We h a ve est a blis he d a s c al a ble o p er ati n g m o d el w h er e or g a nis ati o ns c a n w or k wit h us o n t h e n ot-f or- pr o fit a cti viti es wit h o ut h a vi n g t o dis cl os e pr o pri et ar y i nf or m ati o n. S o w e’r e c oll a b or ati n g wit h or g a nis ati o ns gl o b all y t o s et u p t he g ui d a nc e a n d d e cisi o n s u p p ort t o ols t o all o w t h e s hi p pi n g c o m m u nit y t o u n d erst a n d t h e o p p ort u niti es, c ost l e v els a n d p ot e nti als a v ail a ble t o t he di ffere nt s e g me nts. O ur o ver all o bj e cti v e is t o cre at e c o n fi d e n c e a m o n g ke y d e cisi o n m a k ers s u c h as g o v er n m e nts a n d i n vest ors a b o ut t he w a y f or w ar d, a n d we ne e d i n d ustr y- wi d e c oll a b or ati o n t o d o t h at wit h t he ne cess ar y de pt h of i nsi g hts. fi e C e nt er’s i niti al gr a nt of D K K 4 0 0 m


( U S $ 6 5. 1 milli o n) is e x p e ct e d t o pr o vi d e f u n di n g f or t h e first t hre e t o f o ur y e ars, wit h 8 0- 1 0 0 p e o pl e b as e d at its C o p e n h a g e n h e a d q u art ers w h o will b e a mi xt ur e of p er m a n e nt e m pl o y e es a n d t h os e s e c o n d e d


fr o m c oll a b or ati n g or g a ni z ati o ns. Th ere will als o b e ot h er st a ff b as e d ar o u n d t h e w orl d wit h p art n er c o m p a ni es.


E x p a n di n g a n d u p s c ali n g Alt h o u g h t h e pr oj e ct w as l a u n c h e d wit h s e v e n p art n ers, C er u p- Si m o ns e n t ells The N a v al Arc hitect


t h at t h e C e nt er is b y n o


m e a ns a n e xcl usi v e or g a nis ati o n a n d i nt e n ds t o r e a c h o ut t o ot h er p arts of t h e w orl d, i n cl u di n g s hi p b uil di n g h u bs of C hi n a a n d S o ut h K or e a. He e x pl ai ns: “It’s v er y m u c h a b o ut r e a c hi n g o ut t o p arts of t h e s u p pl y c h ai n t h at ar e n’t r e pr es e nt e d. I w o ul d s a y b y t h e first h alf of 2 0 2 1 w e will h a v e n e w c o m p a ni es o n b o ar d as i n d ustr y p art n ers. We h a ve a l ot of c o m p a ni es t h at h a ve a p pr o a c h e d us w a nti n g t o b e c o m e m e m b ers, b ut t h ere’s a li mit t o h o w m u c h w e c a n a c c o m m o d at e as w e’re still b uil di n g u p.” E q u all y i m p ort a nt, he a d ds, will b e t he r ole


of t he ac a de mic c o m m u nit y, w hic h h as alre a d y pl a ye d a r ole i n de m o nstr ati n g t he fe asi bilit y of cert ai n tec h n ol o gies t h at c a n n o w b e u psc ale d. M ore o ver, as well as pr o vi di n g a n o n g oi n g r ole i n res e arc h a n d t he ge ner ati n g of ne w i d e as, it pr o vi d es t h e tr ai ni n g gr o u n d f or t h e n e xt ge ner ati o n of n a v al arc hite cts, e n gi ne ers a n d s cie ntists w h o w a nt t o c o ntri b ute t o t he fi g ht a g ai nst cli m ate c h a n ge. W hil e t h e e m p h asis of C er u p- Si m o ns e n’s


p r e s e nt ati o n w a s u p o n u p s c ali n g t e c h n ol o gi es o v er t h e n e xt 1 0 y e ars, h e stress es t h at t his d o es n’t m e a n w e s h o ul d n’t b e t a ki n g i m m e di at e a cti o n wit h w h at’s t e c h ni c all y p ossi bl e alr e a d y. “ We n e e d t o fi n d t h e l o w h a n gi n g fr uit w h ere t h e ris k c a n still b e u n d erst o o d a n d m a n a g e d. Th ere are a n u m b er of s m all er o p p ort u niti es alr e a d y


Fi g ur e 2: E n er g y a n d t e c h n ol o g y o pti o n s t o d e c ar b o ni s e s hi p pi n g. S o ur c e: M ær s k M c - Ki n n e y M øll er C e nt er f or Z er o C ar b o n S hi p pi n g


Gr e e n S hi p pi n g


J a n u ar y 2 0 2 1


5


F e at ur e 1


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