Danish shipping giant Maersk Line and producer of petrochemicals EQUATE Petrochemical Company have signed a partnership agreement to decrease CO2 emissions in ocean transportation.
The agreement, which is the first of its kind in Kuwait, is based on the parties’ sustainability priorities that include the shared vision “to protect and safeguard the environment by decreasing CO2 emissions and confirms an aspiration to reduce EQUATE’s CO2 emissions per container transported with Maersk Line by 15% from 2017 to 2020,” Maersk Line said.
During 2013-2016, the business collaboration between the companies resulted in decreasing CO2 emissions by over 35%, achieved through investments in environmentally improved vessels, network optimization, space utilization and other innovative best practices.
“As we continuously encourage and support our business associates to have sustainable emission reduction programs, this agreement with Maersk Line is part of our ongoing business partnership,” Tareq Jafar Al-Kandari, EQUATE’s Vice President for Technical Services, said.
Maersk Line said that it is driving similar agreements with a series of other selected strategic partners in an effort to enable more sustainable procurement.