ACT announces the launch of its decarbonization plan

  • Date: 09-Aug-2022
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:Jordan
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ACT announces the launch of its decarbonization plan

Aqaba, Jordan – Aqaba Container Terminal (ACT), the sustainable gateway to the Levant region and beyond, has announced the launch of its comprehensive decarbonization strategy, which is set to reduce its carbon footprint to net zero by 2040.

ACT is committed to leading the industry in reducing its greenhouse gas emissions: between 2020 and 2030, the terminal aims to reduce its total emissions by 70%. The company’s long-term target is to reach net-zero emissions by 2040.

This objective is being supported by a high-level CAPEX investment plan that will devote more than USD50 million over 20 years toward decarbonization projects. This plan is divided into four major initiatives: USD2 million will go toward energy optimization; USD29 million will be allocated to the green premium on electrified equipment, including electrical chargers; USD12 million will be earmarked for associated civil works; and USD8 million will be invested in the expansion of on-site solar installations.

ACT CEO Soren Jensen commented on the announcement, saying, "ACT's transition to a low-carbon economy in Jordan requires a broad-based collective effort from all industries. At ACT, we are committed to doing our part and creating a clear path forward for Jordan’s logistics and transportation industry to embrace a carbon-neutral future.