Tuesday 26 November 2024
Today, Danish shipping company NORDEN announced a sustainable maritime fuel agreement with Meta aimed at advancing the decarbonisation of the maritime industry.
“We are proud to include Meta to our growing list of customers looking to decarbonise their maritime supply chains,” says Anne Jensen, COO at NORDEN. “Both Meta and NORDEN share a commitment to high standards and to the further development of the decarbonisation of maritime freight, as demonstrated by our involvement in the Book and Claim Community’s Governing Board.”
NORDEN’s emissions reduction solution offers a pathway for decarbonisation of maritime freight, in an environment with limited geographic biofuels availability. The emissions reduction solution NORDEN follows – known as Book & Claim – works by burning biofuel on a NORDEN operated vessel and the emission reduction being allocated to a third-party customer, in this case Meta, using a book and claim chain of custody system. NORDEN uses the Smart Freight Centre’s Voluntary Market Bases Measure Framework for Logistics Emissions Accounting and Reporting as the basis for transferring the environmental attributes (emission reductions) of biofuels used in our operations to our clients with a high degree of transparency and assurance. The ISCC certified biofuel has 80-90% life cycle emission reduction potential and is a drop-in substitute which can be utilised by existing vessels. The emissions reduction is authenticated by an independent verifier, Normec Verifavia and transacted on an external registry through 123Carbon.
“Our Book & Claim solution allows customers of marine transportation across the globe to take advantage of emissions reductions from biofuels, even when biofuels are not physically available to be bunkered on a specific trading route or voyage,” Anne Jensen adds.
The solution is developed to enable NORDEN’s direct customers and clients in other industries which are dependent on marine transportation and seeking to decarbonise their supply chains to credibly invest in maritime decarbonisation.
“At Meta, we have a goal to reach net zero emissions across our value chain in 2030. To achieve that goal, we’re working to address emissions sources across the supply chain – including the upstream emissions associated with the maritime transportation of supply chain goods such as computing equipment and construction materials. Innovative solutions such as those that NORDEN is providing are critical for companies like Meta to decarbonise our value chain at the pace and scale required to achieve our emissions reduction targets,” said Devon Lake, Head of Net Zero Strategy at Meta.
About NORDEN
NORDEN is a global provider of ocean-based freight services for bulk and project cargo of all sizes. We integrate freight solutions with port logistics, helping our customers to optimise and decarbonise supply chains. We provide tailored solutions based on flexibility, reliability and intelligence. Our agile business model ensures stability by continuously adapting our fleet to market developments and customer needs. Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies. Incorporated in Denmark, we are listed on Nasdaq Copenhagen as a part of the OMX Nordic Large Cap index. With 18 offices across 6 continents, NORDEN is a truly integrated part of global trade.
NORDEN Contact:
Anne-Louise Dam-Rasmussen,
Head of Communications
ald@norden.com
(+45) 21 56 15 64
Learn more about NORDEN's Book & Claim solution here.
