Kyushu Electric Power Co., Inc. has signed a memorandum of understanding with Saibu Gas Co., Ltd., The Chugoku Electric Power Co., Inc., and Nippon Yusen Kabushiki Kaisha (NYK), for joint discussions on the commercialization of a new business to supply LNG as a marine fuel to ships in the Setouchi and Kyushu areas of western Japan.
The demand for LNG as a marine fuel, a practical alternative to heavy fuel oil because of its relatively low emission of air polluting substances and greenhouse gases, is expected to increase after a global 0.5% sulfur cap is introduced in 2020.
Therefore, Kyushu Electric Power Co., Inc. and the three companies have decided to examine the commercialization of an LNG bunkering business in the Setouchi and Kyushu.
Compared to heavy fuel oil, the use of LNG can reduce emissions of SOx and particulate matter by approximately 100%, NOx by as much as 80%, and CO2 by approximately 30%.
Source: Kyushu Electric Power/NYK