HOW STENA BULK WILL BE
CLIMATE NEUTRAL BY 2050
Stena Bulk is already at the forefront in reducing greenhouse gas emissions from shipping. The company is now presenting an ambitious plan in five steps – featuring among other things, collaboration with customers – that will lead to the company becoming entirely climate neutral by 2050.
Step one in the plan was completed last year when Stena Bulk began using biofuel, consequently offering customers up to a 100% reduction in carbon dioxide emissions for individual transports.
Step two calls for all new vessels in Stena Bulk’s fleet being readied for climate-neutral operation by 2030. Work with this step has already begun with the first of three methanol-powered vessels, which Stena Bulk is building together with Proman Shipping. All three will be able to use sustainable methanol at a later stage.
Step three is to launch a completely emission-free vessel by 2035. Here as well, the newly introduced InfinityMAX concept is already being put to use.
By 2040, Stena Bulk will have reached step four – completely climate-neutral operation. This will be accomplished through various measures, such as emission-free vessels, vessels running on climate neutral fuels and emission compensation.
By 2050, Stena Bulk will reach the fifth and final goal – to become completely climate neutral with zero net emissions of carbon dioxide. The goal embraces not only its own operations and its indirect emissions, but also all the cargo that Stena Bulk transports. The company shares responsibility for getting there with its customers, which exemplifies Stena Bulk’s view that collaboration and partnership are crucial for the industry’s success in phasing out carbon dioxide emissions.
“The entire shipping industry is facing the challenge of reducing emissions,” says Stena Bulk President and CEO Erik Hånell. “It requires both risk-taking and an attitude that enables
collaboration between the industry and customers. We are very proud to be among the first in the industry to present a plan that makes our path to zero emissions concrete, feasible and measurable.”