Mitsubishi Heavy Industries (MHI) has signed on to a project to convert existing ships to run on carbon-free fuels.

The Japanese shipbuilder will undertake technical, financial and environmental assessments for the initiative led by the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, a Copenhagen-based research institute created to promote decarbonisation of the maritime industry.

Seiji Izumisawa is president and chief executive of Mitsubishi Heavy Industries.