Borouge And Maersk Line Agree to 15% CO2 Emissions Reduction

Borouge is said to have signed the Carbon Pact with Maersk Line, agreeing to a 15 percent CO2 reduction target.

Maersk Line Wednesday announced that it has signed a Carbon Pact with petrochemical company Boroug, marking a commitment by both companies to reduce carbon dioxide (CO2) emissions of Boroug's ocean transportation with Maersk Line by 15 percent from 2016 to 2020.

"We are pleased to sign this Carbon Pact with Maersk Line, the world's leading container shipping company to further enhance our collaboration in reducing the carbon footprint while transporting our products to customers' destinations across the globe," says Ahmed Al Shamsi, Senior Vice President – Supply Chain Management at Boroug.

"As it reflects our commitment to improve the sustainability performance and strengthen our environmental stewardship, the Carbon Pact helps Borouge to significantly reduce the CO2 emissions from transportation of our products and yet contribute to the growth targets set for our business."

In addition to the 15 percent CO2 emissions reduction, a significant portion of the business partnership resulting from the Carbon Pact is said to include the development of tools and practices to integrate CO2 and other sustainability indicators for the commercial supplier relationship.

The agreement is said to enable Borouge to deliver its products to its international customers and markets with the "lowest possible" environmental impact.

"Signing the Carbon Pact with Borouge demonstrates the strong commitment of both companies for long-term growth," said Christian Juul-Nyholm, Managing Director of Maersk Line in UAE, Qatar, Oman, and Iran.

"By pledging to reduce the supply-chain emissions for Borouge, Maersk Line is demonstrating our continuing promise to deliver tangible carbon savings for our customers."

In May, Ship & Bunker reported that Maersk Line had updated its 2020 goal to reduce CO2 emissions per container moved by 60 percent compared to 2007 levels.