Nippon Yusen Kabushiki Kaisha (NYK Line) has signed an agreement with US-based carbon removal startup Graphyte, Inc. to purchase carbon dioxide removal (CDR) credits generated by its large-scale Loblolly project in Arkansas.
The project applies Graphyte’s carbon-casting technology to dry and compress biomass residues from agriculture, forestry and wood processing.
The captured carbon is converted into a stable solid form and stored underground for long-term sequestration.
CDR credits from the project are certified through independent third-party measurement, reporting and verification, providing transparency and reliability for buyers.
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For NYK, the purchase forms part of its broader net-zero strategy. The group is pursuing decarbonisation through energy efficiency improvements and a transition to next-generation fuels including LNG, ammonia and methanol. Where residual emissions cannot be eliminated, CDR credits will be used to offset them.
In line with the NYK Group’s published position paper on CDR credits, the company said it will continue working with customers to advance emissions reduction across the shipping sector.
For more information:
Nippon Yusen Kabushiki Kaisha – https://www.nyk.com/english/
