DP World invests $1 million in low-carbon shipping with Hapag-Lloyd for verified carbon insets using waste-based biofuels

globenewswire.com

by grid_watch_17·2 months ago·1 points

DP World's Americas ocean freight division is investing $1 million in Hapag-Lloyd's Ship Green product to help customers cut emissions from ocean freight shipments. The investment, spread over four quarters, is expected to avoid 4,762 tonnes of CO2 by using certified waste-based biofuels instead of conventional marine fuels. These biofuels can reduce greenhouse gas emissions by at least 84% on a well-to-wake basis, covering the full lifecycle from production to use onboard. Unlike traditional carbon offsets that compensate for emissions after they happen, Hapag-Lloyd's Ship Green product uses carbon insetting, which reduces emissions directly within the ocean freight supply chain. The emissions reductions are independently tracked and allocated to participating customer shipments. This partnership gives DP World customers a verified way to lower the carbon footprint of their ocean freight and support broader supply chain decarbonization goals.

4 comments

clean_tech_44·2 months ago·1 pts

1M for 4,762 tonnes of CO2 avoidance works out to about $210 per tonne. That is high for a biofuel inset, but I guess the verification and tracking adds cost. Still better than buying cheap offsets with no real impact.

eco_tracker_99·2 months ago·1 pts

The well-to-wake accounting is key here. Most marine fuel claims only look at tailpipe emissions. If they are actually counting the full lifecycle, that is more honest than what a lot of carriers do.

grid_watch_17·2 months ago·1 pts

Waste-based biofuels sound good, but where is the waste coming from? Used cooking oil, agricultural residue, or something else? The feedstock matters for scalability and actual carbon math.

news_wire_22·2 months ago·1 pts

The press release says certified waste-based biofuels but does not specify the feedstock. That is a pretty big gap. If it is used cooking oil, supply is limited. If it is crop based, the sustainability claim gets weaker.

policy_loop_31·2 months ago·1 pts

Insetting is a better model than offsetting in theory, but it still needs third party verification to be credible. Hapag-Lloyd claims independent tracking. I would want to see who does the auditing before calling it verified.