GAC Norway has signed up in a Norwegian hydrogen energy project as part of the GAC Group’s commitment to sustainability and accelerating decarbonisation across the maritime industry.
The HyValue initiative will look to develop knowledge, methodology and innovative solutions for the production of hydrogen energy carriers in a bid to further Norway’s transition to a low emission society.
The project is being led by NORCE, one of Norway’s largest independent research institutes, and will receive funding of NOK15 million per year until 2030 from the Norwegian government’s Ministry of Petroleum and Energy.
GAC Norway will support the HyValue initiative for the development of strategies for the storage, handling and bunkering of hydrogen in maritime applications. It will also assist with the development of maritime logistics and supply chain mechanisms, as well as understanding regulations and financial incentives to promote the advantages of hydrogen as an alternative fuel source for shipping.
GAC Bunker Fuels has pledged zero oil-based bunker sales by 1 January 2030. We are proud to contribute our skills and experience at such an early stage in the development of hydrogen as a marine fuel
says Nicholas Browne, Global Director of GAC Bunker Fuels and Head of the GAC Group’s Sustainability Working Group.
