China’s COSCO Shipping Heavy Industry (CHI) and Germany’s engine maker MAN Energy Solutions (MAN ES) have signed a framework agreement to extend their collaboration on decarbonization retrofit projects.
The agreement will enable the retrofitting of existing ships to operate on new alternative fuels like methane, methanol, and ammonia – all fuels that can be produced in a sustainable way through power-to-X processes.
For its part of the deal, MAN ES will provide advanced engine-retrofit technology and digital energy-efficiency solutions. As for CHI, the shipping player intends to leverage its engineering, procurement, and construction (EPC) experience in large-scale ship modification projects.
MAN ES described the new agreement as a…