Fremco Group News

AkzoNobel’s pioneering methodology for rewarding ship owners who use sustainable hull coatings has been named Environmental Leader Product of the Year for 2016. The award recognizes the introduction of the shipping industry’s first carbon credits methodology, which was developed by the company’s Marine Coatings business. Launched in 2014 in conjunction with The Gold Standard Foundation and Fremco Group, the scheme is based on ship owners converting existing vessels from a biocidal antifouling system to a premium, biocide-free hull coating such as Intersleek®, part of AkzoNobel’s International® range of marine coatings. The methodology financially rewards ship owners for using sustainable hull coatings that improve operational efficiencies and reduce emissions.

Neda Maritime Agency, a  Greek tanker and bulker owner, has reportedly become the world’s first ship owner to be awarded carbon credits through a methodology developed by AkzoNobel’s Marine Coatings business. A total of 13,375 carbon credits, potentially worth around $60,000, have been presented to Neda Maritime via the program. Launched in 2014, it is reported to be the first scheme of its kind that financially rewards ship owners for using sustainable hull coatings that improve operational efficiencies and reduce emissions.

AkzoNobel has announced the issue of more than 126,000 carbon credits worth more than $500,000 – the first to be awarded under the company’s landmark scheme for the shipping industry – which was developed in conjunction with the Gold Standard Foundation and the Fremco Group. Launched in 2014, the award-winning program rewards ship owners who convert existing vessels from a biocidal antifouling to a premium, biocide-free advanced hull coating such as AkzoNobel’s Intersleek –part of its International® brand – which is proven to reduce fuel consumption and CO2 emissions. On average, each of the 16 vessels included in the first issue achieved savings of just over 1,250 tons of fuel and 4,000 tons of CO2 per year, resulting in the award of 126,785 credits by the Gold Standard Foundation.

AkzoNobel’s landmark carbon credits methodology for the shipping industry has won the Best Offsetting Project award in the 2015 Voluntary Carbon Market Rankings. Based on nominations from leading stakeholders within the voluntary carbon markets, the prominent award recognizes the efforts of AkzoNobel and development partners The FReMCo Group and The Gold Standard Foundation. The first of its kind within the shipping industry, the carbon credits methodology is based on ship owners converting existing vessels from a biocidal antifouling system to a premium…