Indian steel giant Tata Steel has announced an agreement with Dutch company Van Dam Shipping to jointly develop a hydrogen-powered cargo ship.
This new ship concept will be completely zero-emissions, cutting around 3,000 tonnes of CO2 per year compared to ships sailing on LNG and fuel oil. This type of ship has a deadweight of about 5,000 tons and will be the first hydrogen-powered zero-emission ship of its type.
According to Tata Steel, hydrogen-powered vessels currently operating in the market include riverboats and small ferries, some of which are hybrid and others are hydrogen-powered or fully hydrogen-powered. With the launch of the new vessel concept, the partners hope to reduce carbon emissions from seaborne steel transport, and Tata Steel will also be able to transport steel coils in a more sustainable manner from 2024.
Jan van Dam, Director of Van Dam Shipping, noted that the new partnership will strengthen past collaborations between the two companies, which now want to contribute to net zero emissions and the energy transition goals together.
It is understood that Tata Steel was established in 1907 and is headquartered in Mumbai, India. Currently, its business is engaged in the production and sales of various steel products around the world, including flat steel, long steel and other products, mainly in China, the United States, the United Kingdom and India. Tata Steel is the world’s 12th largest steel producer, with an annual crude steel capacity of 34 million tonnes.
Last year, Tata Steel also signed a memorandum of understanding with Japan’s MOL to jointly develop and deploy an environmentally friendly bulk carrier that will reduce greenhouse gas emissions from the shipping of raw materials used to produce steel.