HYUNDAI Merchant Marine joins “Getting to Zero Coalition”
On 18 November 2019, HMM announced its participation in “Getting to Zero Coalition,” a powerful alliance of nearly 100 organisations within various industrial sectors to achieve significant reduction of greenhouse gas (GHG) emission in the maritime industry.
“Climate change is a defining issue of our time and the scale of the environmental regulation we are facing is unprecedented. In order to ensure sustainable growth on the pathway to decarbonisation, all players need substantive reaction to the technological solution of ZEV (Zero Emission Vessel) as well as the development of carbon neutral fuels. HMM is well prepared to cooperate with relevant authorities and institutions within the Coalition,” says Jae-Hoon Bae, President & CEO of HMM.
HMM is committed to reducing carbon emission by 70% by the year 2030 compared to 2008 levels and thereby reach carbon neutrality by 2050 for its entire container fleets.
HMM already reorganized R&D team to accelerate a range of research studies including the exploration of the commercial viability of hydrogen- powered system and collaboration with DSME for smart ship development.