COSCO's Orient Overseas Container Line (OOCL) and partners join hands to advance low-carbon shipping, opting for cleaner fuel to reduce supply chain emissions, reports Hong Kong's Global Shipping Business Network (GSBN).
With the participation of several partners including IKEA and Kyocera, the first voyage commenced in early August.
The fuel used on the voyage is a B24 biofuel blend, with ISCC certified Used Cooking Oil Methyl Ester as a component in the VLSFO. Replacing fossil fuel with biofuel can reduce carbon emissions in shipping and is considered a viable transitional solution towards long-term decarbonisation goals.
The amount of carbon saved on this voyage will be attributed to these partners, reducing the carbon footprint of the cargo.
A Green Certificate will be issued to each of these partners as a credible certification of the saved carbon emissions by opting for biofuel.
The process is verified and powered by Global Shipping Business Network (GSBN), a non-profit blockchain consortium. Carbon emission saving calculation and allocation are tracked by blockchain, with traceable and immutable record.
oocl uses the Well-to-Wake approach to comprehensively measure the lifecycle carbon emissions, from the production of the fuel to its consumption in ship operation.
OOCL has started using biofuel on some of its vessels since 2023 as one of the company's strategies to advance with the transition towards decarbonisation.
SeaNews Turkey
With the participation of several partners including IKEA and Kyocera, the first voyage commenced in early August.
The fuel used on the voyage is a B24 biofuel blend, with ISCC certified Used Cooking Oil Methyl Ester as a component in the VLSFO. Replacing fossil fuel with biofuel can reduce carbon emissions in shipping and is considered a viable transitional solution towards long-term decarbonisation goals.
The amount of carbon saved on this voyage will be attributed to these partners, reducing the carbon footprint of the cargo.
A Green Certificate will be issued to each of these partners as a credible certification of the saved carbon emissions by opting for biofuel.
The process is verified and powered by Global Shipping Business Network (GSBN), a non-profit blockchain consortium. Carbon emission saving calculation and allocation are tracked by blockchain, with traceable and immutable record.
oocl uses the Well-to-Wake approach to comprehensively measure the lifecycle carbon emissions, from the production of the fuel to its consumption in ship operation.
OOCL has started using biofuel on some of its vessels since 2023 as one of the company's strategies to advance with the transition towards decarbonisation.
SeaNews Turkey
