Orient Overseas Container Line Ltd. (OOCL) and partners join hands to advance low-carbon shipping, opting for cleaner fuel to reduce supply chain emissions. With the participation of several partners including IKEA and Kyocera, the first voyage commenced in early August, according to an article published on their website.
About the fuel
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 decarbonization 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 decarbonization. Promoting the use of biofuel in low-carbon shipping with partners has not only further demonstrated the company’s commitment to decarbonizing the ocean shipping industry but also its determination to provide first-class shipping services to partners. OOCL is committed to building greener maritime supply chains with partners and has formulated sustainable shipping solutions for them based on their demand and environment target, working with partners towards the mutual goal of decarbonizing ocean shipping.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: OOCL
