DP World Selects TYCROP and Loop Energy for Solution to Decarbonize RTG Cranes at Port of Vancouver

VANCOUVER, BC / ACCESSWIRE / September 12, 2023 / Loop Energy™ (TSX:LPEN), a leading hydrogen fuel cell manufacturer, and TYCROP, a leading industrial manufacturing and engineering company based in Chilliwack BC, are pleased to announce being selected to provide a hydrogen electric solution for the global supply chain leader DP World pilot project to decarbonize its rubber-tired gantry cranes (RTGs) fleet at the Port of Vancouver.

The design and manufacturing of DP World's RTG pilot project is led by TYCROP Manufacturing Ltd, a leading industrial manufacturing and engineering company headquartered in Chilliwack BC, and brings together a consortium of companies in British Columbia's burgeoning hydrogen sector, including Loop Energy as fuel cell supplier and HTEC for hydrogen fuel supply.

With 1,500 RTGs operating globally, DP World is one of the world's largest port operators with over 80 terminals across 40 countries. DP World has committed to cut CO2 emissions from its global operations by nearly 700,000 tons over the next five years and net zero carbon enterprise by 2050, which includes replacing its global fleet of assets from diesel to electric, investing in renewable power and exploring alternative fuels. With RTGs accounting for as much as 50% of shore-segment carbon emissions, DP World views development of a carbon-neutral solution for this segment of its operations as a critical component to achieving its overall decarbonization strategy.

"Decarbonisation is a core focus for DP World, and we are proud to work with our local partners to deliver an innovative made in BC solution to reduce CO2 emissions from our Vancouver terminal operations. This vital pilot project aligns with DP World's global commitment to becoming carbon neutral by 2040," said Joel Werner, DP World General Manager - Vancouver.

Foto: Accesswire

DP World's rubber-tired gantry crane will be fitted with a TYCROP-designed dual fuel system powered by two of Loop Energy's T505 fuel cell systems. The pilot project will see DP World's first RTG powered by hydrogen fuel cell systems put into operation at the Port of Vancouver. The RTG pilot is expected to begin operation in Q2 2024, and will be used as a demonstrator to scale the electrification across the organization's global fleet in subsequent phases.