Danish major Norden announces carbon insetting initiative
Tanker operator Norden to use biofuels to lower carbon dioxide (CO2) emissions and will issue tokens or insets equivalent to the reduced emissions.
PHOTO: Spar Shipping bulk carrier Spar Lynx, operated by NORDEN, tested of GoodFuels' 100% sustainable marine biofuel last year. Spar Shipping
The Netherlands-based technology provider 123Carbon will give Norden a blockchain-based platform and infrastructure to trade so-called carbon tokens.
Norden's carbon inset tokens are meant for industry customers unable to bunker low-carbon fuels, due to geographical or other constraints.
Carbon insets can help speed up the adoption of zero- and low-emission fuels by balancing green shipping demand with supply and removing availability barriers, said Adam Nielsen, the head of logistics and climate solutions at Norden.
Norden recently bunkered two chartered vessels with approximately 1,100 mt of biofuel in the Port of Rotterdam. The biofuel, supplied by GoodFuels, was delivered to the ships for voyages to Asia and Africa, respectively.
In a similar vein, Danish decarbonisation service provider GoodShipping has kicked-off an "insetting" initiative in cooperation with the Port of Rotterdam. The project aims to achieve a carbon dioxide (CO2) emissions reduction of 2,023 mt this year, by getting companies to transport their sea freight using biofuel.
GoodShipping explained the move as “a volume of sustainable biofuel that reduces the same amount of CO2e emissions as your shipment would have contributed, is fuelled into a vessel that would have normally run on fossil fuel.”
The abovementioned project has attracted 17 companies, with Dutch shipping company Samskip too pushing some of its vessels into the insetting programme.
By Konica Bhatt
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