Norden and Teck Announce Emission Reduction Freight Contract
Danish shipping company Norden and Canadian mining company Teck Resources announced an agreement to reduce CO² emissions in Teck’s steelmaking coal supply chain.
The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 tonnes of CO², equivalent to removing over 1,400 passenger vehicles from the road.
Norden said it will achieve emission reductions by utilizing a range of solutions, including the use of fuel-efficient ships and alternative fuels such as biofuel in combination with an intelligent use of advanced data analytics to optimize vessel speed and routing.
Teck has goals to reduce carbon intensity across operations by 33% by 2030 and be a carbon-neutral operator by 2050.
“This innovative partnership with Norden is expected to reduce Scope 3 emissions associated with transportation of Teck’s steelmaking coal, reducing our carbon footprint and advancing progress developing green transportation corridors,” said Jonathan Price, CEO, Teck. “Working with transportation providers like Norden to reduce emissions downstream of our business furthers our progress towards achieving our net zero by 2050 goal.”
The emission reduction freight contract is one of several of Norden’s climate solutions for customers.
“With this initiative, we are now able to design customer-tailored freight emission contracts where we leverage our combined expertise to develop unique solutions that support our customers’ ambitions to lower their supply chain emissions,” said Norden CEO Jan Rindbo. “Norden’s strategy of helping our customers decarbonize their supply chains means that we in addition to committing to carbon neutrality in 2050, have short to medium-term commitments, where our goal is to make carbon emission reductions towards 2030.”
