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.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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