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Geminor ESG report compares CO2 emissions from waste transportation across marine/land services

‘CO2 emissions do not tell the whole story. Hence, the report does not change Geminor’s goal to increase the amount of waste wood recycling in the future,’ states spokeswoman.

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Norway based resource management company Geminor on Thursday (28 October) released its first environmental, social and governance report focusing on the  insights of emissions from different forms of waste transport and a report mapping  the carbon dioxide (CO2) footprint from material recycling compared to the energy recovery.

In a strategic move towards developing more sustainable operations, Geminor is now releasing its first ESG report covering the year 2020. The report charts the current company emissions within operations, transport, waste-to-energy, and material recycling.

The purpose of the report is to improve company routines and obtain best practice with regard to sustainability, explains CEO at Geminor, Kjetil Vikingstad.

“In terms of sustainability, our goal is for Geminor operations to be fossil-free and to achieve net-zero direct emissions from our operations by 2030. To address our indirect emissions, we will use our purchasing power to set environmental requirements for the services acquired from our value chain,” says Vikingstad.

“Geminor is also creating tools allowing us to calculate the footprint of services provided and offer our customers the least carbon-intense solutions on the market.

“We consider it important to let all our stakeholders follow our progress in reaching our economic, social, and environmental goals.”

“This report gives us the opportunity not only to show how Geminor is operating but to point out and raise awareness about the challenges faced by the entire recycling industry,” he adds.

Shipping is best

The report shows that Geminor Group handled more than 1,7 million tonnes of waste feedstock in 2020. Approximately 91% went to energy recovery and 9% to material recycling. Only 0,15% went to landfill.

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A considerable part of waste management emissions comes from the transport of material for recycling or energy recovery. For Geminor, 76% of last year’s volumes were transported by trucks, 23% by ship, and one% by rail.

The choice of transportation with regards to CO2 emissions is a complex matter for the industry, explains report editor and Sustainability Manager at Geminor, Christina Telnes.

“The CO2 intensity is calculated by dividing transport emissions by the tonnage of waste transported. In our transport portfolio, shipping constitutes both the most and the least CO2 intensive means of transport. RoRo ferry transport has the highest CO2 intensity, while container transport is the least carbon-intense alternative,” says Telnes.

The report brings truck transport into a more favorable light.

“Road transport, which for long has had a bad reputation with regards to emissions per ton, turns out to have the same average CO2 intensity as bulk transport in our transport portfolio. The greener option, rail transport, is marginally beaten by container shipping,” explains Telnes.

“By actively choosing transport services with lower fossil carbon footprints and utilising our HUB network to optimise logistics we can reduce our emissions in the years to come.”

Energy recovery vs. material recycling

“The report also reveals that CO2 emissions from energy recovery of waste wood turn out very low compared to that of other fractions even material recovery of waste wood. This is because biomass is defined as having net-zero emissions,” she adds.

“Biogenic materials are part of the short-term carbon cycle and do not add to the planet’s existing carbon mass balance the way fossil carbon does. Burning waste wood is not emission-free, but in climate accounting it is set to zero compared to fossil CO2.”

As a consequence of the calculations made in the Geminor report presents material recycling as more CO2 intensive than energy recovery of waste wood.

According to Asplan Viak’s estimates which we have used for this report energy recovery is marginally better than recycling.

This is a good example of how looking at only one parameter is insufficient in determining the best solution. CO2 emissions from material recycling are higher because it involves more processing and use of chemicals. However, the emission factor does not consider the resources saved by avoiding the extraction of virgin wood.

“In other words, CO2 emissions do not tell the whole story. Hence, the report does not change Geminor’s goal to increase the amount of waste wood recycling in the future,” concludes Sustainability Manager at Geminor, Christina Telnes.

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Note: A copy of the full report can be found here.

 

Photo credit: Geminor
Published: 29 October, 2021

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Business

Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

Creditors of the company will have to submit proof of debt to the liquidators of Parakou Shipping by 17 June, according to Government Gazette notice.

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A notice to declare the intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (3 June).

The following are the details of the notice of intended dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Last Day of Receiving Proofs (if not already lodged): 17 June 2026
Name of Liquidator : Cameron Duncan
Address : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

 

Photo credit: steve pb from Pixabay
Published: 25 May, 2026

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LNG Bunkering

Chinese firms form pact for 20,000 cbm LNG bunkering vessel project

CM Energy Tech, Seacon Shipping Group and China Merchants Heavy Industry (Jiangsu) signed a joint venture agreement for 1+1 20,000 cubic meter LNG bunkering vessels.

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CM Energy Tech Co Ltd, Seacon Shipping Group Holdings Limited and China Merchants Heavy Industry (Jiangsu) Co Ltd on Tuesday (26 May) signed a joint venture agreement for the construction of 1+1 20,000 cubic meter liquefied natural gas (LNG) bunkering vessels. 

The parties also signed a shipbuilding contract for the first vessel, which will be constructed by China Merchants Heavy Industry.

The project combines CM Energy Tech’s access to the China Merchants Group ecosystem, Seacon Shipping Group’s expertise in ship management and operations, and China Merchants Heavy Industry’s shipbuilding capabilities. The partners said the initiative is intended to address the shortage of large-capacity LNG bunkering vessels in the Chinese market.

The newbuild LNG bunkering vessel will feature dual C-type independent cargo tanks and is designed with a boil-off rate of just 0.16% per day. It will also be capable of delivering LNG at a bunkering rate of up to 2,000 cbm per hour, enabling efficient refuelling of large LNG-fuelled vessels.

The vessel will be powered by Wärtsilä dual-fuel engines and will comply with IMO Tier III emissions requirements. The first vessel is scheduled for delivery in 2028.

The three companies said they plan to further expand cooperation across the LNG value chain, strengthen their presence in the marine energy sector and provide customers with integrated LNG bunkering services focused on safety, operational efficiency and lower carbon emissions.

 

Photo credit: David Yu from Pixabay
Published: 5 June, 2026

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Methanol

India’s Agastya inks green methanol offtake agreement with SAR Group

Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka.

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India’s clean energy conglomerate Agastya Group on Wednesday (3 June) said Agastya Green Fuels signed a long-term green methanol offtake agreement with Sri Lankan bunker supplier SAR Maritime Agencies, a SAR Group company, for the supply of 250,000 metric tonnes (mt) per annum of EU RFNBO RED III Compliant green methanol.

Agastya said the agreement establishes one of the largest green methanol supply partnerships in the Indian Ocean Region and marked a major step toward creating a new green maritime energy corridor connecting India and Sri Lanka.

The green methanol will be supplied from the Agastya Green Fuels Hub at Mulapeta Port, Andhra Pradesh, India, where Agastya is developing a green methanol export-oriented facility with a planned investment of USD 6 billion over the next six years. The facility is expected to produce 1 million mt per annum. 

“Through this partnership, Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka, positioning Colombo, Hambantota, and Trincomalee as future clean-fuel hubs for global shipping,” the company said in a social media post. 

“The Indian Ocean is emerging as the world’s next green fuel corridor. Agastya Green Fuels intends to be at its center,” said Shashi K Reddy Arjula, Founder and Group CEO of Agastya. 

 

Photo credit: CHUTTERSNAP on Unsplash
Published: 25 May, 2026

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