Global shipping giant Maersk Line and Middle Eastern petrochemical company Borouge have signed a Carbon Pact in an effort to further reduce the carbon footprint.
The deal, inked as part of the Abu Dhabi Sustainability Week, will also enable the Middle Eastern plastics producer to deliver its products globally with the lowest possible environmental footprint.
“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,” Borouge’s Ahmed Al Shamsi, Senior Vice President – Supply Chain Management, said.
“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, said.
According to Maersk, the two companies intend to collaborate in creating transparency on the environmental impact of Borouge’s supply chain and reducing Borouge’s CO2 emissions from its ocean transportation with Maersk Line by 15% from 2016 to 2020.
Maersk further added that a major part of this business partnership will include the development of tools and practices of integrating CO2 and other sustainability indicators into the commercial supplier relationship.