Vitol Bunkers on Wednesday (9 June) launched its Green Bunker Fuels portfolio for customers looking to mitigate their carbon emissions.
Vitol Bunkers customers will be offered the opportunity to cancel emissions associated with any given cargo through the overlay of Verified Emissions Reductions (VERs).
The VERs will conform to the highest international standards and will be sourced from Vitol’s existing portfolio and the wider market and emissions will be calculated using IMO and EU guidelines.
Customers will be offered a range of offset solutions to enable them to align mitigation with their broader emissions reduction programme and a fully bespoke programme will be available for customers wishing to deploy this strategy at scale.
“Shipowners are keen to be part of the climate solution. Offsetting will be key to enhancing the sector’s environmental performance and we are delighted to be able to combine our expertise in two core areas and launch this compelling offering,” said Chris Young, Global Account Manager for Vitol Bunkers.
Michael Curran, Head of Emissions Trading, Vitol said: “Vitol has built up a carbon portfolio over many years. We are delighted to deploy our expertise to offer vessel owners a bespoke means of mitigating emissions.”
Photo credit: Manifold Times
Published: 10 June, 2021
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