May 21, 2020 15:34 JST

Source: Mitsubishi Corporation

'e5 Consortium' Established to Promote Zero-Emission Electric Vessel


TOKYO, May 21, 2020 - (JCN Newswire) - Seven companies--Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company, and Mitsubishi Corporation--today announced establishment of the "e5 Consortium," with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels.

An image of the zero-emission electric tanker
 


Coastal shipping in Japan faces structural issues such as a shortage of mariners due to the aging of the seagoing workforce, not to mention the aging of the vessels. In addition, the ocean shipping industry has urged the coastal shipping industry to reduce emissions of greenhouse gases (GHGs) as one of Japan?s measures to address climate change. The seven e5 Consortium corporate members are focusing their attention on fulfilling the potential of electric vessels to solve these urgent issues. The consortium aims to establish a platform that offers innovative ocean shipping infrastructure services based on electric vessels bringing to bear the strength, technological know-how, networks, and other advantages of each member company.

As the first phrase of the project, the consortium plans to launch the world's first zero-emission electric tanker, powered by large-capacity lithium ion batteries, in March 2022(1). e5 Lab. Inc. will serve as the executive office of the e5 Consortium.(2)

The e5 Consortium will promote the sustainable growth of coastal shipping in Japan and contribute to the nation?s social and economic development by providing added value to the coastal shipping industry through the development and introduction of advanced vessels.

What is 'e5'?

A provider of safe, reliable, and high-quality transport service, based on the realization of five core values: electrification, environment, evolution, efficiency, and economics.

(1) Asahi Tanker decided to build two electric tankers powered by lithium-ion batteries, the first such vessels in the world: https://asahi-tanker.com/news-release/2020/135/
Zero emission electric tanker concept video: https://www.youtube.com/watch?v=6sJjzCbRFWw
(2) e5 Lab. Inc. (President: Tomoaki Ichida; Headquarters: Chiyoda-ku, Tokyo), jointly established by four companies - Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., and Mitsubishi Corporation - has enthusiastically promoted innovative projects to bring digital solutions and digital transformation to the ocean shipping industry, not only with electric vessels, but also hydrogen fuel batteries, onboard automated equipment, onboard broadband, remote control vessels, and development of a common integrated OS for ocean (vessels).
See: http://e5ship.com.


About Mitsubishi Corporation
Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.


Source: Mitsubishi Corporation
Sectors: Marine/Offshore

Copyright ©2020 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

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