Monday 12 April 2021

Tanker shipping company Stena Bulk targets net zero emissions by 2050

Tanker shipping company Stena Bulk has set out a comprehensive roadmap for the company to become a net zero emissions business by 2050.

It has underlined the requirement to start transitioning to a more sustainable fleet, with plans to launch the first of three carbon neutral ready, methanol-fuelled vessels in collaboration with Proman.

It is aimed to come into service 18 years ahead of Stena Bulk's ambition to become one of the first carbon neutral vessel operators in the world by 2040.

It supports Stena Bulk's ambition to ensure every new ship in its fleet from 2030 to be upgraded to carbon neutral status, either by retrofitting new technology or switching to carbon neutral fuels.

Last year Stena Bulk started offering low carbon shipping options to customers, with up to a 100% reduction in CO2 emissions.

The options are based on the use of biofuels and an internal carbon emissions offsetting programme.

Erik Hånell, President & CEO of Stena Bulk said: “The shipping industry collectively faces a challenge where we must consider how we alter our entire energy needs. In order to decarbonise, the maritime community must take risks, push sustainability boundaries, and embrace a partnership approach that enhances collaboration between industry partners and customers.

“The set of decarbonisation targets and wider roadmap that we are presenting today is another example of Stena Bulk’s commitment to a sustainable shipping future, and we are immensely proud to be one of the first industry players to propose a plan that makes our own net zero journey tangible, achievable and measurable. This is a challenging and demanding path ahead of us that we remain prepared and eager to explore and we look forward to working across the sector to achieve our goals.”