NYK Line and CMA CGM join Hydrogen Council

28 July 2020 (Last Updated July 28th, 2020 15:43)

Two shipping companies, NYK Line and CMA CGM, have joined the global coalition, Hydrogen Council, which aims to promote hydrogen to reduce the impact of climate change.

NYK Line and CMA CGM join Hydrogen Council
NYK Line, along with ten other companies, has joined the Hydrogen Council on 27 July. Credit: Bernhard Fuchs.

Two shipping companies, NYK Line and CMA CGM, have joined the global coalition, Hydrogen Council, which aims to promote hydrogen to reduce the impact of climate change.

Additionally, the Port of Rotterdam in the Netherlands has also joined the coalition.

The three companies are a part of 11 companies who joined the initiative announced on 27 July.

CMA CGM and Microsoft joined the group as steering members, while Baker Hughes, Clariant, MAHLE, NYK Line, Port of Rotterdam, TechnipFMC and Umicore are the supporting members.

Mubadala Investment Company and Providence Asset Group joined as investors.

The Hydrogen Coalition has grown to 92 members from 13 founding organisations in 2017.

The council said that the new members represent the interest of companies in different geographies and sectors in hydrogen.

The news comes at a time when the world looks to recover from the impact of Covid-19 pandemic.

It also showcases the commitment of the industry to use hydrogen solutions to develop a cleaner and resilient economy after the pandemic, the coalition said.

Hydrogen Council co-chair and Air Liquide chairman and CEO Benoît Potier said: “As policymakers, businesses and investors across the globe are working to recover from the economic and social consequences of the pandemic, hydrogen is increasingly recognised as an indispensable piece of the puzzle.

“The recently announced EU, German and Korean plans on hydrogen are among prime examples of that momentum and we hope that other countries will join in soon.

“This crisis will define our energy production and consumption for at least a generation. The companies joining our group today acknowledge that this is a critical time to accelerate clean energy innovation to reach our climate goals and recognise that hydrogen can play a paramount role in doing so.”