The NYK Group ESG Story

Creating new value

Actively Investing to Achieve Net Zero GHG Emissions

Number of ships
as of the March 2022
announcement(Including planned builds)

Total

LNG-fueled ships

35• In compliance with the IGF
Code, conducting the priortraining of crew members

LPG-fueledships

Ammonia-fueledships

2

4

Methanol-fueledships, etc.

• In 2024, ammonia-fueled tugboat
scheduled to enter into service• In 2026, ocean-going ship equippedwith ammonia-fueled engine
developed by Japan marine
sector scheduled to enter intoservice

4Leading the way in the fuel conversion of the maritime shipping industry© 2022. NYK Group. All rights reserved.

2Creating new value

Strengthening Service Provision Capabilities for Offshore Wind PowerInvestigation andfeasibility studies

Transportationand logistics

Installation

Operation andmaintenanceMarine consulting
Offshoregeotechnicalinvestigationvessel

Module ship

Self-elevated platform(SEP) vessel

Offshore geotechnical investigation vessel
Conclusion of a memorandum ofunderstanding with OYO and Fugroon an offshore geotechnicalinvestigation partnership for thedomestic offshore wind power industry
Aiming to begin service in FY2022

Self-elevated platform (SEP) vessel

CTV

Heavy-lift ship

Crew transfer vessels(CTV)

Proceeding with preparations aimed at
beginning ship operations in the second half ofthe 2020s

Crew transfer vessels (CTVs) for offshore wind
power generation

Product development
progressing steadily
and service
capabilities currently
being established
Branch office to openin Akita on April 1

Conclusion of a bareboat charter contract with
Northern Offshore Services
物流

物流

Conclusion of a memorandum of understanding
with Akita Eisen
Steadily launching new services in step withthe domestic public solicitation schedule

Contributing to the development of offshore wind power in Japanby leveraging the NYK Group’s strengths (technological capabilities,expertise in the offshore business, and a network, etc.) and collaborating with European partners© 2022. NYK Group. All rights reserved.

3

Creating new value

Collaborating with Partners to Drive the Building ofan Ammonia Supply Chain
CO2-freehydrogen

LiquefiedammoniaH

Ammonia-fueledammonia gas carrier

Ammonia floating storage andregasification barge

NH3O2Transportation

O2

Ammonia-fueled tugboat

Storage andregasification

Coal mixed combustion generation⇒Mono-fuel combustion gas turbine

Currently proceeding with joint
development aimed at implementation

Investment in
Tsubame BHB,a venture company
originating from theTokyo Institute ofTechnology

2024
Ammonia-fueled tugboat
scheduled to enter into service
2026
Ocean-going ship equipped withammonia-fueled engine developed
by Japan’s marine sector scheduled
to enter into service

Engaging in initiatives
with a view toparticipating in theentire supply chain

Development of a concept design forammonia-fuel-ready LNG-fueled vessels

Not only developing technology for ammonia-fueled ships
but also intending to lead in its implementation,including legal compliance and safety guidelines© 2022. NYK Group. All rights reserved.

4

Creating new value

Demonstrating the International Transportation of Hydrogenin the Form of MCH*
Supplying

World’s first proving test of an international supply chain for hydrogen

Phase 1

Completed demonstration of
MCH transportation using
containers (ISO tanks)

Phase 2

Transporting MCH intanker tanks⇒ Proving test underway

BruneiJapan

MarineProduction ofhydrogenfrom LNG

transportation
Production ofMCHDehydrogenation

Power station
Oil refineryTransportation of toluene produced by the dehydrogenation processProgressing toward the establishment of a hydrogen supply chain* MCH: Methyl cyclohexane© 2022. NYK Group. All rights reserved.

5

Creating new value

Beginning the CO2 Transportation Business, a Future Growth Field
CCUS

Establishment of liquefied CO2 transportation andstorage joint venture with the Knutsen Group

Transportation and storage of the CO2
generated enable the production of clean
energy in the shipping region and thereduction of CO2 in the consuming region.

Aiming to begin operations in the mid-2020s

CO2 transportation

CO2Naturalgas

LNG

Production

Energy-shipping region

Use of LNG as fuel

CO2Use of hydrogen andammonia as energy

H2 O(Thermal power stations, etc.)

Hydrogen,ammonia

Conclusion of an agreement with Mitsubishi
Shipbuilding on the joint development of technologies
for transporting CO2

Energy-consuming region

Taking advantage of knowledge gained in Europe
to lead the world in social implementation© 2022. NYK Group. All rights reserved.

6

Creating new value

Increasing Participation in International Decarbonization Initiatives

Participating in international
assessment projects aimed at thedecarbonization of marine fuels*1Keeping abreast of information on the latest
developments by building networks withleading companies in Europe and in otherindustries
Dispatching NYK technicians and working withother companies to advance decarbonization
feasibility studies

Communicating with the international
community and other industries andthereafter cultivating cross-industry
partnerships
Became the only Japanese
shipping company toparticipate in COP26 andhighlighted our initiatives
for decarbonization of themaritime shipping industry

Endorsement of Green Corridors*2

Contributing to decarbonization of the world through co-creation withvarious industries and companies*1 An international research center tasked with promoting decarbonization of the maritime and shipping industries through conversion to alternative fuels*2 An international cross-industry initiative that was announced at COP26 and which is aimed at promoting decarbonization of maritime and shipping industries
worldwide by realizing the operation of ships powered by zero-emission fuels on certain shipping routes of the global core trade.

© 2022. NYK Group. All rights reserved.

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