{"id":13254,"date":"2023-12-29T22:39:43","date_gmt":"2023-12-30T04:39:43","guid":{"rendered":"http:\/\/planesintheair.com\/?p=13254"},"modified":"2023-12-29T22:39:43","modified_gmt":"2023-12-30T04:39:43","slug":"nyk-conducts-trial-use-for-full-scale-introduction-of-biofuels","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=13254","title":{"rendered":"NYK conducts trial use for full scale introduction of biofuels"},"content":{"rendered":"

Starting in fiscal 2024, NYK line [Nippon Yusen Kabushiki Kaisha (Tokyo: 9101<\/a>)]<\/strong> will conduct full-scale trials of long-term use of biofuels*<\/strong>, which are considered to have net-zero CO2<\/sub> emissions, in navigating its existing heavy oil-fired vessels. Moving forward from the previous short-term trials, NYK will comprehensively verify the safety and stable procurement of biofuels when used over a long period. Through this trial, NYK will establish a safe navigation system using biofuels and promote biofuel development to achieve the Group\u2019s goal of a 45% reduction in greenhouse gas (GHG) emissions by fiscal 2030 compared to fiscal 2021.<\/p>\n

In this trial, NYK will use biofuel continuously for three months on multiple vessel types. After that, NYK will gradually extend biofuel use for a longer period for further validation.<\/p>\n

Since fiscal 2019, the NYK Group has conducted short-term biofuel trials on about 10 vessels. While NYK has confirmed the safety of short-term biofuel use, NYK has not verified the impact of biofuels on the ship\u2019s main engine, generator, motor, fuel supply system, etc., and the quality of biofuels after a certain storage period. NYK also needed to ensure the stability of biofuel procurement when used in more vessels.<\/p>\n

NYK announced the NYK Group ESG Story 2023 on November 6, declaring a new target to reduce the NYK Group\u2019s GHG emissions by 45%**<\/strong> from the fiscal 2021 level by fiscal 2030. NYK will promote this trial to achieve the goal.<\/p>\n

* Biofuels are produced from biological sources (biomass), such as waste cooking oil, and are considered to have net-zero CO2<\/sub> emissions during combustion. Biofuels, also usable in heavy oil\u2013fired engines, are one of the critical solutions to reducing GHG emissions during the transition from heavy oil to zero-emission fuels.<\/strong><\/p>\n

** Reduction ratio on absolute corporate emissions for scope 1 and 2.<\/strong><\/p>\n

<\/p>\n

Forward-Looking Statements<\/strong><\/p>\n

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.<\/p>\n

Copy<\/span><\/b> Translate<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Starting in fiscal 2024, NYK line [Nippon Yusen Kabushiki Kaisha (Tokyo: 9101)] will conduct full-scale trials of long-term use of biofuels*, which are considered to have net-zero CO2 emissions, in navigating its existing heavy oil-fired vessels. Moving forward from the previous short-term trials, NYK will comprehensively verify the safety and stable procurement of biofuels when […]<\/p>\n","protected":false},"author":1,"featured_media":13256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7890,9181,5989,5637,4552,13618,8222,10339,5992,5670,5878,2203,4957,10194,4059,5676,8590,13579,13156,10169,10617,6711,10176,1397,10195,10171,868,5876],"tags":[],"class_list":["post-13254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-news","category-australia-news","category-boating-news","category-business-news","category-cargo-news","category-communications-news","category-consumer-news","category-e-commerce","category-economic-news","category-economy-news","category-environmental-news","category-finance-news","category-global-politics","category-green","category-green-energy-news","category-international-news","category-japan-news","category-marine-ocean-news","category-maritime","category-news","category-pacifica","category-shipping-news","category-stock-news-2","category-stock-news","category-transport","category-transportation","category-transportation-news","category-zero-emission-news"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/13254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13254"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/13254\/revisions"}],"predecessor-version":[{"id":13257,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/13254\/revisions\/13257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/13256"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}