Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has established the Marine Decarbonation Business Development Group, responding to the energy transition strategy promoted by MHI Group.
New organisation formed
This new organisation formed by consolidating a range of functions, from technology development and market research to the formulation and implementation of business strategies, will utilise the advanced technologies accumulated by the company, over its long history of shipbuilding, in order to accelerate technological development and new business creation in the marine decarbonisation field, and respond promptly to global trends and market needs, so as to realise a carbon neutral world.
MHI/Mitsubishi Shipbuilding Co., Ltd. has built more than 5,000 vessels since its founding in 1884, actively adopting new technologies as a pioneer in the construction of energy carriers, including coal carriers, oil tankers, and liquefied gas carriers (LPG and LNG carriers).
Drive for decarbonisation
The recent drive for decarbonisation will require a transition to new energy
The recent drive for decarbonisation will require a transition to new energy, and premised on global trade, demand is expected to increase for clean energy carriers for ammonia and other materials, as well as LCO2 carriers to support reverse logistics for fossil fuels.
In response, Mitsubishi Shipbuilding, by bringing together the many types of products and technologies for both land and sea from across MHI Group, and providing customers and partners aiming to decarbonise with its differentiated technologies, products, systems, and comprehensive solutions, will contribute to the realisation of decarbonised world.
Marine Decarbonation Business Development Group
Commenting on the establishment of Marine Decarbonation Business Development Group, Toru Kitamura, President and CEO of Mitsubishi Shipbuilding said, “We have received numerous inquiries from customers regarding growth sectors such as LCO2 carriers and ammonia fuel vessels and we need a dedicated organisation to coordinate the technological innovation and handle this business.”
Toru Kitamura adds, “The establishment of the Marine Decarbonation Business Development Group will accelerate the pioneering of new businesses that utilise and apply the oil and gas technologies possessed by Mitsubishi Shipbuilding, and in combination with conventional shipbuilding technologies, allow us to achieve ‘organisational ambidexterity.’”
‘MARINE FUTURE STREAM’, new growth strategy
As part of the energy transition strategy promoted by MHI Group, Mitsubishi Shipbuilding has set a growth strategy called ‘MARINE FUTURE STREAM’, focused on the ship and marine sector.
In this strategy, the company has set goals for the decarbonisation of the maritime economy through clean energy and the carbon cycle, the effective utilisation of the marine space with digitalisation and electrification, and the generation of new ideas through marine-related innovation. By realising the strategy, Mitsubishi Shipbuilding will respond to the demands of customers and society to resolve issues.