Maersk Offers New Carbon-Neutral Transport In The Industry
The first kind of a new carbon neutral product in the industry is being piloted with select Maersk customers who are highly engaged in sustainable solutions for their supply chain. The first company to trial it as part of the shift towards carbon-neutral transportation is H&M Group.
This year the biofuel in the pilot project is the same as that of cooking oil which has been tested and successfully validated in a trial driven in collaboration with the Dutch Sustainability Growth Coalition (DSGC), and Shell. The International Sustainability & Carbon Certification (ISCC) body has certified it as a sustainable fuel.
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“The biofuel trial on board Mette Maersk has proven that decarbonized solutions for shipping can already be utilized today, both technically and operationally. While it is not yet an absolutely final solution it is certainly part of the solution and it can serve as a transition solution to reduce CO2 emissions today. With the launch of this product, Maersk seeks to help our customers with their goal of moving to sustainable supply chains, “explains Søren Toft, Maersk COO.
H&M Group is provided the ability to reduce their transport and logistics emissions towards their aspiration of carbon neutrality when accounting for only the emissions from the vessel by the biofuel that is to be utilized, which is carbon neutral. A procedure will be provided by the Roundtable on Sustainable Biomaterials (RSB) to ensure carbon savings are accredited to our customers appropriately. Taking a full lifecycle view including all emissions from upstream production and transportation, the fuel demands savings of 85% compared to bunker fuel.
To unlock the potential of sustainable fuels so they become a commercial reality is the goal of such pilot projects.
“Our high ambition to become climate positive by 2040 requires cooperation and engagement from all parties in the supply chain. We want to use our size to be a force for good and enable scaling innovative solutions, such as the carbon-neutral ocean product, for greener commercial transport,” says Helena Helmersson, COO H&M Group. The biofuel project learnings will be used to support a broader product offering and will continue to co-develop and facilitate the uptake of solutions that will help bring about more cost-efficient carbon-neutral options for carbon-neutral transportation.
Today shifting away from fossil fuels can prove to be expensive for shippers. The wide-scale adoption of carbonneutral solutions are ensured and thus requires technical innovation and supportive global policies.
“We believe this is the only commercially viable path to make the required investments our industry requires to reach the carbon neutral target. We are so pleased to see a significant shift in sentiment and involvement from customers, fuel suppliers, equipment manufacturers, and competitors towards sustainable solutions,” emphasizes Toft.
Today shipping remains the most carbon-efficient means of global transport, but it accounts for 2-3% of global emissions. If it is left unchecked by industry leaders and policy makers, it will continue to grow in number.
Maersk will continue to facilitate, test, and develop low-carbon solutions on the journey to 2050.