GAC Bunker Fuels on Wednesday (19 January) said its greenhouse gas (GHG) emissions calculations have been verified by audit and certification services provider Bureau Veritas UK Limited as part of its goal to be net carbon zero by 2030.
Carbon emissions are classified into categories or “scopes”. GAC Bunker Fuels is assured for indirect emissions from electricity and air-conditioning under Scope 2, and other indirect emissions that occur along the value chain, particularly associated to business travel and the use of sold products under Scope 3 were verified. The bunker company does not have Scope 1 direct emissions from owned or controlled sources.
Kelly Rump, GAC Bunker Fuel’s Head of Sustainability, says: “Knowing what our emissions are today marks an important step towards emissions reduction and offsetting with the aim of achieving zero oil-based bunker sales and net carbon zero by 1 January 2030.”
The company is working with existing and new clients to help them on their decarbonisation journey, starting with Scope 1 emissions (i.e. purchased fuel from GAC Bunker Fuels) by advising which suppliers offer alternative fuels, such as biofuel or LNG, globally.
Furthermore, this will give their customers an option to buy carbon credits to offset its fuel procurement where requested to offer as such.
Martyn McMahon, GAC Bunker Fuels’ Global Commercial Manager, adds: “The market is in transition. Suppliers require a guaranteed demand to fund their projects, and customers must know what supplier projects are underway to plan their future procurement. GAC Bunker Fuels is uniquely positioned to help customers and suppliers alike with their energy transition because of the relationship we have with them.”
GAC Bunker Fuels’ emissions calculations assurance is in-line with directives set-out in the Group’s Roadmap to Sustainability where all GAC offices are to measure and report their carbon emissions by end of 2022 based on UN SDG (Sustainable Development Goals) 12 – Climate Action. The Group has committed to be net carbon zero by 2050.
Photo credit: GAC Bunker Fuels
Published: 20 January, 2022
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.