Independent marine energy service provider KPI OceanConnect on Tuesday (6 July) announced the completion of its first carbon offset transaction with a seismic research vessel owner that is also the company’s long term client.
The voluntary carbon units were acquired from a wind farm in Texas and has been verified by Verra Registry.
The KPI OceanConnect announcement comes at a crucial time for the marine fuels supply chain due to the urgency for emissions reduction amid genuine decarbonisation progress, it says.
Carbon offsets allows emissions and CO2 output to be balanced with the purchase of an equivalent qualified offset.
This means purchasing verified carbon units that are equivalent to the CO2 production from emissions. These units also fund certified projects that generate clean and renewable energy, such as wind farms, solar energy, and reforestation.
“By enabling one of the bunkering’s first carbon-neutral fuel supplies, KPI OceanConnect is dedicated to exploring the development of different solutions and pathways for shipping,” says Brian Coyne, Managing Director, Americas at KPI.
“We feel confident in leading the way towards a sustainable future and ensuring a smooth transition towards 2030 and 2050 for our customers.
“We are well prepared to advise our clients on how to obtain carbon-neutral fuel supplies, as well as offset other Greenhouse Gases, and together will create a more sustainable future for shipping and the world.”
Photo credit: KPI OceanConnect
Published: 7 July, 2021
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