Trafigura aims for 25pc reduction in shipping emissions

Trafigura aims for 25pc reduction in shipping emissions

London, 25 January (Argus) — Trading firm Trafigura has outlined a target to decarbonise its shipping operations as part of its 2021 sustainability report.

The company is aiming for a 25pc reduction in the intensity of its total shipping emissions by 2030 compared with 2019 levels. At the UN Cop 26 climate summit last year, Trafigura said it would convert six of its current fleet to use zero-emissions fuels, if technically feasible. It is working with German ship engine manufacturer Man Energy Solutions to develop a green ammonia two-stroke maritime engine by 2024, and last year it signed an initial deal with Norway-based fertilizer producer Yara to explore the use of green ammonia as an alternative bunker fuel.

Trafigura has also been experimenting with biofuels and LPG as alternative marine fuels, and it is advocating for slow steaming within a just-in-time arrivals system, as well as fixing vessels with short balance legs where possible.