Nippon Yusen Kabushiki Kaisha (NYK) and ENEOS Corporation have entered into a five-year agreement to incorporate carbon dioxide removal (CDR) credits into marine fuel, starting in 2028. This initiative utilises Direct Air Capture with Carbon Storage (DACCS) technology to help decarbonise the shipping industry and support the transition to a carbon-neutral future.
ENEOS will procure CDR credits from 1PointFive’s STRATOS Direct Air Capture plant in Texas, slated to begin operations in 2025. These credits, generated by capturing CO₂ directly from the atmosphere and storing it underground, will be bundled with the marine fuel supplied to NYK. DACCS is recognised as a critical technology for addressing greenhouse gas emissions that cannot be eliminated through energy efficiency or the adoption of next-generation fuels.
This collaboration aligns with NYK’s goal of achieving net zero emissions by 2050. Through its “Decarbonisation Story” strategy, NYK focuses on improving energy efficiency, transitioning to low-carbon fuels such as LNG, ammonia, and methanol, and offsetting residual emissions using CDR credits.
Similarly, ENEOS’s Carbon Neutrality Plan emphasises carbon capture, renewable energy, and innovative solutions like DACCS to reduce its own emissions and support societal decarbonization. ENEOS has also prioritised the promotion of low-carbon fuels, including hydrogen and biofuels, to drive the energy transition.
The DACCS-based CDR credits, combined with marine fuel, are expected to support NYK and ENEOS in meeting their long-term sustainability goals while contributing to the broader decarbonisation of the shipping industry.
