World News
Amazon Climate Fund Invests in Zero-Carbon Fuel Producer
Wednesday January 27, 2021
Technology company Amazon's Climate Pledge Fund has invested in a company that produces zero-carbon fuels for shipping, trucking and aviation.
The fund -- set up in June 2020 with $2 billion -- has invested in renewable fuel producer Infinium, Amazon said in a statement on its sustainability website Tuesday.
Infinium "focuses on converting carbon dioxide and hydrogen feedstocks into net-zero carbon fuels for use in today's air transport, marine freight, and heavy truck fleet," Amazon said.
Amazon is seeking to become carbon-neutral by 2040. The company has yet to announce how this target will be applied to the marine freight element of its business.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 4.50 | 678.50 | 4.50 |
| Rotterdam | 512.00 | 3.50 | 676.00 | 9.00 |
| Houston | 552.00 | 3.00 | 682.00 | 4.00 |
| Fujairah | 555.50 | 7.50 | 753.00 | 1.50 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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