Cargill and BAR Technologies combine world-class yacht racing design and technology using wind propulsion to reduce carbon emissions

GENEVA,Oct. 28,2020 --CargillandBAR Technologieshave embarked on a strategic project with naval architectDeltamarinto bring cuttingedge wind propulsion technology to commercial shipping. The project will see BAR Technology'sWindWings- large,solid wing sails that measure up to 45 meters in height - fitted to the deck of bulk cargo ships to harness the power of the wind and reduce CO2 emissions by as much as 30 per cent. The number of wing sails can be tailored to the size of the vessel and the route it will take.

BAR Technologies- a spin-off from Ben Ainslie Racing (BAR),the British team formed by Olympic and World Champion sailor Sir Ben Ainslie - wasformed in 2016 makingthe design knowledge,technical skills and intellectual property developed for America's Cup yacht racing available for the commercial world. The company is led by Chairman Martin Whitmarsh,former McLaren Team Principal,Chief Executive,John Cooper,former McLaren Chief Business Officer,and former America's Cup designer and engineer,Simon Schofield.

"Through this partnership we will bring bespoke wind solutionsto customers who are actively seeking to reduce CO2 emissions from their supply chain," said Jan Dieleman,president of Cargill's Ocean Transportation business. "Changing regulations and uncertainty about future greener marine fuels makes choosing the right vessel to charter with a long-term view complicated. With the WindWings technology,Cargill will be able to offer customers a solution that improves vessel efficiency,independent of the fuel or type of engine used," he continues.

"Wind is a near marginal cost free fuel and the opportunity for reducing emissions,alongside significant efficiency gains in vessel operating costs,is substantial. We've invested in our unique wind sail technology to provide vessel owners and operators with an opportunity to realize these efficiencies," said John Cooper,Chief Executive Officer,BAR Technologies.

The maritime industry faces a huge challenge to reduce average CO2 emissions by 40% by 2030 and working towards 70% by 2050,compared with 2008 levels. Cargill as one of the industry's largest players,chartering a fleet of more than 600 vessels at one time,recognizes its responsibility to accelerate decarbonization progress,and has brought the necessary vision and scale to convert BAR Technology's inspiration into measurable efficiency savings.

The project is currently in the design phase,bringing together a team of companies to deliver the first vessels– expected on the water by 2022. The team will share risk and expertise,starting with product tankers before moving to dry bulk vessels.

Martin Whitmarsh,Chairman,BAR Technologies added,"Cargill's endorsement of our technology is a very significant step forward at the forefront of the industry. Together we're putting our words into action,marking this project as a first of its kind. We're thrilled to be partnering with Cargill to bring this ground-breaking technology to life and look forward to exploring further efficiency opportunities together in future."

Cargill has partnered witha number offellow industry leaders and organizations to drive decarbonization progress,including theGlobal Maritime Forumand itsGetting To Zero Coalition,theSea Cargo Charter,a recent initiative to cut and track emissionsfrom chartered shipsto reduce the maritime industry's carbon footprintand theMaersk McKinney Moller Center for Zero Carbon Shipping.Last year,Cargill announced acollaboration with Maersk Tankers and Mitsui & Co. to provide over-the-shelf solutions for maritime actors looking to explore new technologies to reduce their emissions.

About Cargill

Cargill's 160,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe,responsible and sustainable way. Every day,we connect farmers with markets,customers with ingredients,and people and animals with the food they need to thrive. We combine 154 years of experience with new technologies and insights to serve as a trusted partner for food,agriculture,financial and industrial customers in more than 125 countries. Side-by-side,we are building a stronger,sustainable future for agriculture.

About BAR Technologies

With an impressive heritage,having originally spun out from the former British,America's Cup Team,BAR Tech provide a wide range of design and engineering consultancy services with a focus on 4 key sectors; Workboats and Commercial Vessels,Shipping,Special Projects and Leisure Marine and Yachts.

BAR Technologies offer a cohesive team of world lead naval architects and optimisation specialists; fluid dynamists; mechanical,structural and composite engineers; control strategy and system specialists; they offer data and simulation engineers with access to the latest commercial knowledge,using bespoke in-house design tools.

BAR Technologies originally entered this market to challenge themselves to incorporate their broad knowledge of naval architecture,simulation,CFD and patented IP into a superior Crew Transfer Vessel for taking technicians to work on Wind Turbines (amongst other uses). The aim being to improve seakeeping and help make a green energy sector even greener by dramatically reducing fuel requirements.

For more details please visit: https://www.bartechnologies.uk/

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