The GCMD is an independent, non-profit organization, established with support from the Maritime and Port Authority of Singapore. It collaborates with the maritime industry, plans to conduct pilot projects and trials, and advocates for well-designed climate policies and standards.
As part of its pursuit of a lower carbon future, Chevron Shipping is continuing to explore new technologies, energy-saving devices, and lower carbon fuels, and is collaborating with industry organizations on these potential solutions.
“Lowering the carbon intensity of shipping requires fundamental changes across the entire maritime value chain,” said Mark Ross, president of Chevron Shipping Company. “This is a truly complex task that requires industry-wide collaboration, innovation, and well-designed policy. GCMD brings together knowledge and expertise to help meet this challenge. We look forward to working with our fellow partners to progress our shared lower carbon ambitions.”
In 2021, Chevron launched Chevron New Energies (CNE) to accelerate lower carbon businesses in hydrogen; carbon capture, utilization and storage; offsets; and emerging energy opportunities, as well as support Chevron’s continued focus on renewable fuels and products. As part of its strategy, CNE is focused on customers in sectors of the economy with harder to abate emissions.
“Chevron is leveraging our capabilities, assets, and customer relationships to identify opportunities to lower emissions of our own operations, while also identifying ways that essential sectors of the economy, such as the maritime industry, can achieve their lower carbon goals,” said Austin Knight, vice president of Hydrogen for Chevron New Energies. “Alongside Chevron Shipping, we look forward to collaborating with GCMD and its partners on this effort.”