Borouge, Maersk Agree to Reduce CO2 Emissions

By Aiswarya Lakshmi
Friday, January 22, 2016
Photo by Maersk Line A/S

 Abu Dhabi-based petrochemical company Borouge signed an agreement with Maersk Line to reduce carbon dioxide emissions for their shipments.

 
 Besides being the first plastics producer in the Middle East to sign the Carbon Pact with Maersk Line, this agreement also enables Borouge to deliver its products globally to customers and markets with the lowest possible environmental footprint. 
 
“We are pleased to sign this Carbon Pact with Maersk Line, the world´s leading container shipping company to further enhance our collaboration in reducing the carbon footprint while transporting our products to customers’ destinations across the globe,” says Ahmed Al Shamsi, Senior Vice President – Supply Chain Management. 
 
“As it reflects our commitment to improve the sustainability performance and strengthen our environmental stewardship, the Carbon Pact helps Borouge to significantly reduce the CO2 emissions from transportation of our products and yet contribute to the growth targets set for our business,” Ahmed said.
 
Christian Juul-Nyholm, Managing Director of Maersk Line UAE, Qatar, Oman and Iran adds proudly: “Signing the Carbon Pact with Borouge demonstrates the strong commitment of both companies for long-term growth. By pledging to reduce the supply-chain emissions for Borouge, Maersk Line is demonstrating our continuing promise to deliver tangible carbon savings for our customers.” 
 
Borouge and Maersk Line intend to collaborate in creating transparency on the environmental impact of Borouge’s supply chain and reducing Borouge’s CO2 emissions from its ocean transportation with Maersk Line by 15% from 2016 to 2020. 
 
A major part of this business partnership will also be the development of tools and practices of integrating CO2 and other sustainability indicators into the commercial supplier relationship. 
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Fundraiser Held for USS Gerald R. Ford Crew

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates

Meercat Workboats Scores a Hat-trick

The U.K.’s Meercat Workboats says it scored a hat-trick; the Hampshire-based boat builder announced it is moving premises, that Seawork was a huge success and that

Northern Lights Opens Branch Office in Louisiana

Marine power generation and climate control products manufacturer Northern Lights has opened its fifth branch office, in Kenner, La, to enhance service to Gulf

Environmental

Groningen Seaports First in Line for Damen InvaSave

The first production version of Damen’s InvaSave ballast water treatment system – intended for use at Groningen Seaports – will be on display at the upcoming ‘DelfSail’

Charting the Shift of Oceanic Boundary Currents

Global warming results in fundamental changes to important ocean currents. As scientists from the Alfred-Wegener-Institute show in a new study, wind-driven subtropical

Chemical Tanker Runs Aground off Alaska

A 599-foot Norway flagged chemical tanker Champion Ebony ran aground near Nunivak Island, Alaska on June 24.   U.S. Coast Guard Sector Anchorage watchstanders

Energy

Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a

China's Robust Crude Oil Imports Mask Changing Fuel Dynamics

China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union.   While the news media

EU to Accept Antitrust Offer from Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

Ocean Observation

The Historical Passage of Cosco Shipping Panama

The Chinese giant Cosco Shipping  has made the inaugural transit on Sunday June 26, 2016  through the expanded Panama Canal expansion project , event appreciated

World Trade Routes Won't be the Same with Expanded Panama Canal!

On 26th June 2016, a landmark development for the shipping industry will occur with the opening of the new third set of locks at the Panama Canal. Clarksons Research takes a look.

CMA CGM to use Kingston As Transshipment Hub

French shipping giant CMA CGM plans to use Kingston Container Terminal,  Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast,

 
 
Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0926 sec (11 req/sec)