Path+

PROBLEM:

The shipping sector is one of the biggest carbon emitters which is responsible for more than 2 per cent of global emissions. If the industry was a country, it would be the sixth biggest polluter, above Germany. Current shipbuilding software solutions are bulky, normally done manually, and templates are not provided. Design workload is heavy and complicated, involving multiple stages of conceptual design, basic design, detail design and production design. Each stage requires several specialized fields and hundreds of people to work together for around 10 months. The need for cost‑efficient design software is high.

SOLUTION:

Path+ provides automated tools to build the 2D templates and 3D models providing options and flexibility in design for different structures, and shipyards in different countries with different standards, etc. PATH+’s solution can reduce 50 per cent labour cost compared with being done manually and further reduces energy consumption (and therefore CO2 emissions) and raw material usage during construction. PATH+’s solution can also result in a reduction of 3 per cent fuel consumption for ships designed using its solution compared to ships of the same class; potentially can reducing up to 5.4 tonnes in fuel usage per day or ~ 17.31 tonnes of CO2 emissions per day.

IMPACT THESIS

ADB Ventures SEED grant supports the registration of the company in new markets and the acquisition of at least one additional commercial customer. In doing so Path+ will be able to save a significant volume of steel using its design software that equates to similar reductions in CO2 emissions through reduced steel consumption and overall fuel oil saved through optimized design.

ABOUT

Path+ is a Republic of Korea‑based company that provides technology solutions to assist shipyards in improving production efficiency, lower energy consumption and raw material usage, while monitoring and reducing CO2 emissions.

Target Impact:

Climate Mitigation 

Provider of structural design software that allows the shipbuilding and marine engineering industry to reduce raw material usage during constructions and energy consumption.