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e5 Consortium to Promote Zero-Emission Electric Vessel

Logistic News - Published on Fri, 22 May 2020

Image Source: e5 Consortium
Seven companies-Asahi Tanker Co Ltd, Idemitsu Kosan Co Ltd, Exeno Yamamizu Corporation, Mitsui OSK Lines Ltd, Tokio Marine & Nichido Fire Insurance Co Ltd, Tokyo Electric Power Company and Mitsubishi Corporation-today announced establishment of the e5 Consortium, with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels. The consortium aims to establish a platform that offers innovative ocean shipping infrastructure services based on electric vessels bringing to bear the strength, technological know-how, networks, and other advantages of each member company. s the first phrase 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.

A provider of safe, reliable, and high-quality transport service, based on the realization of five core values: "electrification," "environment," "evolution," "efficiency," and "economics."

e5 Consortium members
Company NameHeadquartersRepresentative
Asahi Tanker Co Ltd1-2-2 Uchisaiwaicho, Chiyoda-ku, TokyoPresident Kazunori Nakai
Idemitsu Kosan Co Ltd3-1-1 Marunouchi, Chiyoda-ku, TokyoRepresentative Director & CEO Shunichi Kito
Exeno Yamamizu Corp1-1-3 Otemachi, Chiyoda-ku, TokyoPresident Hisaaki Masuda
Mitsui OSK Lines Ltd2-1-1 Toranomon, Minato-ku, TokyoPresident & CEO Junichiro Ikeda
Tokio Marine & Nichido Fire Insurance Co Ltd1-2-1 Marunouchi, Chiyoda-ku, TokyoPresident Shinichi Hirose
Tokyo Electric Power Company8-13-1 Ginza, Chuo-ku, TokyoPresident Nobuhide Akimoto
Mitsubishi Corporation2-3-1 Marunouchi, Chiyoda-ku, TokyoPresident and CEO Takehiko Kakiuchi

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Posted By : Yogender Pancholi on Fri, 22 May 2020
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