KPI OceanConnect completes first carbon neutral fuel supply
Carbon offsets allow for emissions and CO2 output to be balanced with the purchase of an equivalent qualified offset.
KPI OceanConnect today announced the successful completion of its first carbon offset transaction with a seismic research vessel owner and long-term client. The voluntary carbon units are derived from a wind farm in Texas, and verified by Verra Registry.
The announcement from KPI OceanConnect comes at a critical time for the marine fuels supply chain as it faces an acute need to reduce emissions and make genuine decarbonisation progress. With sustainability and regulatory change as two of the most important focuses for the entire shipping industry, Greenhouse Gas reduction targets for 2030 and 2050 set by the International Maritime Organization will require innovative thinking, and a proven track record of delivering expert services.
Carbon offsets allow for emissions and CO2 output to be balanced with the purchase of an equivalent qualified offset. This means purchasing verified carbon units that are equivalent to the CO2 production from emissions. These units also fund certified projects that generate clean and renewable energy, such as wind farms, solar energy, and reforestation.
Commenting on the announcement, Brian Coyne, Managing Director, Americas at KPI OceanConnect, said:
“By enabling one of bunkering’s first carbon-neutral fuel supplies, KPI OceanConnect is dedicated to exploring the development of different solutions and pathways for shipping. We feel confident in leading the way towards a sustainable future, and ensuring a smooth transition towards 2030 and 2050 for our customers.”
KPI OceanConnect’s CEO Søren Høll also commented: “This particular transaction was the result of combined efforts of multiple offices. I commend our team for putting the customer’s requirements first, and for working so well together in an area that is new for everyone.”