CODELCO and NYK aim to decarbonise copper shipping

The two companies will jointly promote the evaluation and development of next-generation fuel technologies and study the use of decarbonised vessels for oceangoing transport of copper products.

Global demand for copper is expected to increase in the future due to the expected increase of electrification within advanced and developing societies, as well as specific development such as the expansion of power grids to utilise offshore wind power generation and the spread of electric vehicles.

Máximo Pacheco, Chairman of the Board, CODELCO, said: “This is a significant step for CODELCO in its desire to reduce the carbon footprint of its work, not only with respect to direct emissions, but also indirect emissions, as in this case.”

Motoyuki Nose, President, NBP, said: “We have deepened our relationship with CODELCO for more than 30 years, mainly through oceangoing transportation of copper products by bulk carriers. I am very honoured to be able to work with CODELCO to promote joint studies in various fields toward the decarbonization of oceangoing transportation of copper products. We, as a specialised company in transportation using handy bulkers, multipurpose ships, heavy-lift ships, and self-propelled deck carriers, aim to contribute to decarbonization of the world in cooperation with customers by taking the maximum advantage of the knowledge and technology that the NYK Group has accumulated.