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Consortium established to promote  zero-emission electric vessel


Seven companies—Asahi Tanker Co., Idemitsu Kosan Co., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company and Mitsubishi Corporation—have announced the establishment of the “e5 Consortium,” with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realise and commercialise zero-emission electric vessels.


In the first phase 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. e5 Lab. Inc. will serve as the executive office of the e5 Consortium. 


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 realisation of five core values: “electrification,” “environment,” “evolution,” “efficiency,” and “economics,” informed a release.

 

Source: Exim News Service: TOKYO, May 21 

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