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GoodShipping Expands Green Initiatives to Revolutionize Road Transportation Decarbonization

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Global Logistics, Global Trade Daily, News

GoodShipping Expands Green Initiatives to Revolutionize Road Transportation Decarbonization

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GoodShipping, the renowned carbon insetting leader, is delighted to unveil its latest venture into the realm of decarbonization services for road transportation. This move follows their groundbreaking success in pioneering carbon insetting for marine transport since 2017, showcasing their commitment to enhancing emission reduction solutions for both customers and the environment. It’s a vital step, considering that truck freight currently contributes to a staggering 16% of global transport emissions, and projections suggest this could surge to 25% by 2030 if immediate action is not taken.

Recognizing the pressing need to address this challenge, GoodShipping has expanded its solutions to encompass the road transportation sector, with the aim of reducing scope 3 emissions from transport.

Decarbonizing Supply Chains

In line with their highly successful approach in marine transportation, GoodShipping is orchestrating a seamless transition from fossil fuels to sustainable biofuels for road transport. This approach aligns with the concept that all carbon emissions contribute to the same atmosphere. Thus, any carrier utilizing biofuel signifies a reduction in fossil fuel emissions in the atmosphere. GoodShipping collaborates closely with an independent third-party verification partner to rigorously review procedures and calculation methods, ensuring the accurate allocation of carbon reductions to clients.

Through GoodShipping’s insetting services, cargo owners can now make their supply chains more environmentally friendly, even if they don’t own the means of transport used for shipping their goods. In return, cargo owners receive CO2e credits, bringing them closer to their sustainability objectives while showcasing their commitment to mitigating scope 3 emissions and promoting the adoption of biofuels.

A Successful Pilot Implementation

As part of their unwavering commitment to continuous improvement, GoodShipping initiated a pilot program to test and optimize their road insetting service. During this pilot, the road insetting service was trialed by a variety of international clients, including JAS Worldwide, Raben, Scan Global Logistics, and Hellmann Worldwide Logistics. Following successful evaluations, GoodShipping is now offering its road insetting services to all businesses seeking sustainable land-based freight transportation solutions.

Andrea Goeman, SVP Sustainability at JAS, expressed their enthusiasm for the expanded collaboration: “We are thrilled to collaborate with GoodShipping not only on sustainable marine biofuel but also on biofuel for road transport. This expansion of their insetting solutions aligns with our commitment to environmental sustainability and allows us to further create value for our customers.”

Jens Wollesen, COO of Hellmann Worldwide Logistics, emphasized their strategic focus on sustainability and the reduction of CO2 emissions, highlighting how the partnership with GoodShipping enables their customers to reduce Scope 3 emissions from land transport as part of their global seafreight supply chains.

Martin Andersen, Global Head of Sustainability & ESG at Scan Global Logistics, underlined the industry’s collective responsibility for environmental action and praised the collaboration with GoodShipping for extending their commitment to environmental sustainability.

Robbert Wehrmeijer, Managing Director of FincoEnergies Carbon Management, responsible for the GoodShipping brand, stressed the significance of expanding insetting solutions to road transportation to combat climate change effectively.

For companies eager to reduce emissions from road transportation, taking the first step toward sustainable freight transportation is encouraged by reaching out to GoodShipping. This expansion marks a significant milestone in the ongoing battle against climate change and represents a promising future for environmentally conscious road transportation.

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Archives, Global Logistics, Global Trade Daily

Are Freight Companies Working Towards Decarbonization?

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The World Benchmark Alliance (WBA) published the Climate and Energy Benchmark on the Transport Sector two days ago. It analyses 90 companies, including 25 airlines, 17 shipping companies, nine rail operators, six road transport firms and 33 multimodal companies.

The WBA assesses and ranks high-emitting companies on critical issues supporting decarbonization and the energy transition. The report examines current and future decarbonization plans and their past and present performance to determine their alignment with the Paris Agreement goal of limiting global warming to 1.5° Celsius and their contributions to a low-carbon transition.

According to the assessment, 85% of the companies have fleets that will be unable to operate in a low-carbon future, and only 7% of the companies have publicly stated plans to phase out fossil-fuel-powered modes of transportation.

The report says: “Investment in R&D is critical to ensuring that new technologies can come to market more quickly, as is working in partnership with suppliers and developers such as vehicle manufacturers or fuel producers. However, 94% of companies do not provide any meaningful data on research and development into low-carbon vehicles and fuels.” It adds: “A few companies are using their influence to push for infrastructure solutions, improved climate policy, or customer behavior change.”

Aside from decarbonization, the study looked at the implications for workers and customers as a component of ensuring a low-carbon transition that leaves no one behind. The 90 transport companies employ an estimated 9.6m people worldwide, but only 43% have a publicly available policy statement to protect their workers’ health and safety. Furthermore, only three companies provide quantitative data on worker health and safety.

Nonetheless, some businesses stand out as examples of good practice. Maersk is one of the few companies that has made it a policy to work with trade associations on climate issues. It reviews its membership status annually to ensure that its trade associations comply with the Paris Agreement.

According to the benchmarking, some solutions that transportation operators will need to implement, such as alternative fuels and cleaner vehicles, are still in the early stages of development.

Despite the challenging landscape described by the WBA’s Climate and Energy Benchmark, some decarbonization initiatives are being implemented gradually.

For instance, in June 2021, the International Maritime Organization (IMO) adopted a series of agreements on regulations around the “carbon intensity” of shipping. More details and adopted strategies can be found in Ti’s Logistics & Supply Chain Sustainability Report 2021.

Another recent example is the Green Corridor to support sustainable shipping. The Memorandum of Understanding (MoU) was signed by the Port Authorities of Rotterdam and Gothenburg last week.

The ports will use the agreement to strengthen their ongoing collaboration on decarbonization and digitalization. In addition, it will establish a common framework for cooperation as part of the Green Corridor initiative to promote the use of alternative fuels to meet the Paris Agreement’s goals.

However, as well illustrated by the WBA’s key findings, engaging people in the transition requires a concerted effort, and a lack of action by companies could jeopardize the low-carbon transition’s success.

For more in depth information, download the Logistics & Supply Chain Sustainability Report 2021. The report addresses the impact of Covid-19 on the race to decarbonize. It examines the current impact of road, air and sea freight on environmental targets and the measures each market must adopt to reach net zero. It also contains a breakdown of the findings of the Ti and Foundation for Future Supply Chain’s 2021 Sustainability survey and comparative environmental profiles for leading logistics providers.

Supply chain strategists can use GSCi – Ti’s online data platform – to identify opportunities for growth, support strategic decisions, help them stay abreast of industry trends and development, as well as understand future impacts on the industry.

Visit GSCI subscription to sign up today or contact: Michael Clover for a free demonstration: mclover@ti-insight.com | +44 (0) 1666 519907

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Archives, Global Trade Daily, News, Special Reports, Technology

Dr. Chris Bataille Joins the Center on Global Energy Policy as Adjunct Research Fellow

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The Center on Global Energy Policy at Columbia University SIPA welcomes Dr. Chris Bataille, who joins the Center as an Adjunct Research Fellow. For more than two decades, his career has focused on the transition to a globally sustainable energy system. In his new role at Columbia, Dr. Bataille will focus on policy and technology pathways to decarbonize heavy industry and the role of carbon management in speeding up decarbonization of the global economy.

Jason Bordoff, Founding Director of CGEP and Co-Founding Dean at the Columbia Climate School made it known that the latest IPCC report has made it clear the Agency needed to dramatically reduce greenhouse gas emissions if they’re to keep global temperatures from rising above 1.5 degrees C and Although challenging, getting to net-zero emissions for industry isn’t impossible while also adding that Chris is a welcome addition to the growing team at their Carbon Management Research Initiative.

Industrialization is a key driver of economic growth but also responsible for roughly 24 percent of greenhouse gas emissions. In the heavy industry group, cement, steel, and petrochemicals are the top emitters and pose some of the biggest decarbonization challenges in any net-zero scenario. Emissions from heavy industry are primarily produced from the burning of fossil fuels for energy. CGEP has prioritized looking at low-carbon solutions for industrial heat.

Dr. Bataille emphasized that Net-zero deep decarbonization of heavy industry has been his passion and focus since the Paris Agreement was signed in late 2015 and While time is short, so much more seems possible now with concentrated effort adding that He looks forward to working with CGEP and its global community to make heavy industry decarbonization a physical reality.

Dr. Bataille is also an Associate Researcher at the Institute for Sustainable Development and International Relations (IDDRI) in Paris and an Adjunct Professor at Simon Fraser University. He was a Lead Author for the Industry Chapter of IPCC’s Sixth Assessment Report, as well as the Summary for Policy Makers and Technical Summary.

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Archives, Global Trade Daily, International Trade

Decarbonisation to Reveal New Development Prospects for the Global Monoethanolamine Market

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IndexBox has just published a new report: ‘World – Monoethanolamine And Its Salts – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global decarbonisation trend, the increasing number of CCS projects (carbon capture and storage facility) being implemented, and the widespread use of monoethanolamine (MEA) as an absorbing agent to capture СО2 emissions could provide significant impetus to the further development of the MEA market. MEA is currently one of the most widely used absorbing agents in the oil and gas sectors for the purification of industrial waste. 

Key Trends and Insights

Over the past decade, the global MEA market has indicated steady, measured growth. According to IndexBox estimates, global consumption reached 636К tonnes. The USA (16.7%), China (16.6%) and Germany (7.7%) are the leading manufacturers of monoethanolamine.

The use of MEA as an absorbing agent for gas purification may increase significantly: MEA is widely used to capture carbon emissions. The number of CCS projects being implemented, according to Global CCS Institute data, is on the rise: there are currently 56 commercial CCS facilities, 26 of these are in operation, 2 remain idle, impacted by force-majeure circumstances, 16 are at the project stage or under construction, and 21 remain at the initial design stage. The total aggregate capacity of CO2 capture plant facilities, including those under design, increased from 85 million tonnes in 2019 to 110 million tonnes in 2020. Other physical and chemical absorbing agents can be used to capture carbon dioxide gas, but the use of MEA remains the most established. The USA, Australia, Europe and East Asia represent potentially promising markets for MEA: they boast the highest number of scheduled CCS projects.

In the medium term to 2030, the MEA market is set to expand to 800K tonnes (2.3% CAGR), spurred by rising demand from the gas purification sector and continued demand from other consuming industries, including emulsifiers, herbicides and surfactants.

Monoethanolamine Consumption by Country

The country with the largest volume of monoethanolamine consumption was China (148K tonnes), accounting for 23% of the total volume. Moreover, monoethanolamine consumption in China exceeded the figures recorded by the second-largest consumer, India (64K tonnes), twofold. Belgium (53K tonnes) ranked third in terms of total consumption with an 8.4% share.

In China, monoethanolamine consumption expanded at an average annual rate of +4.4% over 2012-2020. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.0% per year) and Belgium (+40.4% per year).

In value terms, China ($382M) led the market, alone. The second position in the ranking was occupied by India ($142M). It was followed by Belgium.

Global Monoethanolamine Imports

In 2020, overseas purchases of monoethanolamine and its salts decreased by -18.4% to 260K tonnes, falling for the second consecutive year after seven years of growth. In value terms, monoethanolamine imports dropped remarkably to $277M in 2020.

In 2020, China (44K tonnes), Canada (31K tonnes), the UK (26K tonnes), Belgium (23K tonnes) and India (22K tonnes) was the major importer of monoethanolamine and its salts in the world, achieving 56% of total import. The following importers – Germany (11K tonnes), the Netherlands (11K tonnes), Japan (9.8K tonnes), Spain (9K tonnes), Italy (7.7K tonnes), Poland (4.6K tonnes) and Sweden (4.5K tonnes) – together made up 22% of total imports.

In value terms, China ($36M), Canada ($32M) and India ($26M) constituted the countries with the highest levels of imports in 2020, with a combined 34% share of global imports.

Source: IndexBox AI Platform