ICEF 2022
NYK's Green Business
6, October 2022
NYK Line
Green Business Group
General Manager
Tsutomu Yokoyama© 2022. NYK Group. All rights reserved.
© 2022. NYK Group. All rights reserved.

About NYK – Overview
Company Name
Nippon Yusen Kabushiki Kaisha(NYK Line)
Established
September 29, 1885
Paid-in Capital
JPY144,319,833,730
Number of Employees as of March 2022
35,165Main activities
・Liner & Logistics Business (Liner Trade, Air
Cargo, Transportation, and Logistics)
・Bulk Shipping Business・Others Business (Real Estate and Other)
Air Freighter

8 aircrafts
6,007 flightsin 2021
© 2022. NYK Group. All rights reserved.

TerminalLogistics Center

Operating at639 locations
2.7million m20 ports
in 2022
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Decarbonization Trend in Shipping International shipping accounts for 2.0% of the world's CO2 emission
IMO
 by 2030: 40% or more CO2 reduction (vs 2008)
 by 2050: 50% GHG reduction (vs 2008)＊Goals set in 2018


IMO plans to adopt a resolution in 2023 at MEPC80 to set net-zero at 2050.

Oct 2021: Declared Carbon Neutrality in International Shipping 2050,
Agenda proposed to IMO

Sep 2021: Declared a long-term target of net-zero emissions of GHG by 2050
for the NYK Group's oceangoing businesses.

＊MEPC: Marine Environment Protection Committee

JapanNYK© 2022. NYK Group. All rights reserved.

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Our Plan to Achieve Net-Zero by 2050
NYK Fuel Transition Plan Target ammonia as one of the most realistic alternative clean marine fuels
 Continue to explore other options as well (e-methanol, H2, biofuel etc.)
 Focus on LNG as immediate low-emission measure and as a bridge solution© 2022. NYK Group. All rights reserved.

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Green Innovation Fund ProjectJapan’s maritime industry
leads global maritime decarbonization
in R&D and the realization of ammonia-fueled ships
Project 1(Coastal vessel)

Project 2(Oceangoing vessel)

Ammonia Fueled Tugboat(A-Tug)

Ammonia Fueled Ammonia Gas
Carrier(AFAGC)• Delivery scheduled in FY2024• Concluded contract for theconversion from LNG-fueledtugboat in Jun 2022
• AiP awarded in July 2022

• Delivery scheduled in FY2026• Completed HAZID in July 2022
• AiP awarded in September2022

HAZID: Hazard Identification
AiP: Approval in Principle© 2022. NYK Group. All rights reserved.

Shipping

Shipbuilding

ClassEngine

Japanese Government

This project was granted a subsidy of 8.4 billion
Japanese Yen through the Green Innovation Fund.
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AiP for AFAGC design The world’s 1st HAZID study for AFAGC as a condition for approval of
Alternative Design completed in July 2022
 Approval in Principle for AFAGC design awarded in September 2022
at Gastech Milan.
Project has passed the critical milestone, and continues to make further
progress toward realising AFAGC by FY2026
Challenges ofAmmonia Fueled Ship Design
FlameretardanceVS

Stablecombustion

N2Oemissions

VSZERO emissions

Toxicity tohumansVSSafety© 2022. NYK Group. All rights reserved.

Alternative Design
 No international regulations exist for the use of ammonia
as a marine fuel.
 An alternative design is necessary to deliver AFAGC
before international regulations are enacted.
 An alternative design will be required to secure a safetylevel equivalent to existing liquefied gas fueled ships.

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Contributions in Industry Associations
 NYK are working for decarbonization as a member of associations.

MMMCZCSGCMD(Maersk Mc-Kinney Moller Center for
Zero Carbon Shipping)（Global Centre for MaritimeDecarbonization）

The center is committed toseeing commercially viabledeep-sea zero-carbon vessels poweredby zero-carbon fuels

NYK contributes to the GCMD as anexpert on bunkering rule development.

Founding Partners

Founding Partners© 2022. NYK Group. All rights reserved.

ICEF2022-NYK7免責事項
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© 2022.
2022.
NYKGroup.
All rights
reserved.
©
NYKGroup.
All rights
reserved.