Abu Dhabi-based petrochemical company Borouge and Maersk Line inked an agreement to reduce carbon dioxide (CO2) emissions for their shipments.
The Carbon Pact will allow Borouge to deliver its products globally to customers and markets with the lowest possible environmental footprint, making Borouge the first plastics producer in the Middle East to sign the Carbon Pact with Maersk Line.
“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,” stated Ahmed Al Shamsi, senior vice president – supply chain management.
Borouge and Maersk Line intend to collaborate in creating transparency on the environmental impact of Borouge’s supply chain. In a partnership with Maersk Line, Borouge wants to cut CO2 emissions from its ocean transportation by 15% from 2016 to 2020.
“Signing the Carbon Pact with Borouge demonstrates the strong commitment of both companies for long-term growth. 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,” Christian Juul-Nyholm, managing director of Maersk Line UAE, Qatar, Oman and Iran, stated.
A major part of the partnership will also be the development of tools and practices of integrating CO2 and other sustainability indicators into the commercial supplier relationship.
Writing by Nadeem (c) gCaptain