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Cargill aims to cut shipping emissions 15pct by 2020

Gasoil News - Published on Thu, 21 Jun 2018

Image Source: reutersmedia.net
Reuters reported that Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15 percent by 2020, to meet U.N. regulations to reduce pollution and demands from some of its food manufacturer customers for more environmentally-friendly operations.

The global commodities trader, which was scheduled to announce the emissions goal, told Reuters the reduction of CO2 per cargo-ton-mile was targeted at its time-chartered fleet. But overall, Cargill plans to cut total greenhouse gas emissions on an absolute basis across all company operations by 10 percent by 2025.

Cargill, the largest US private company in terms of revenue, does not own any ships. Instead, it currently charters about 650 vessels worldwide - up from 330 in 2007 - making it one of the largest dry bulk and tanker shippers.

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Posted By : Nanda Koijam on Thu, 21 Jun 2018
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