Swiss commodity trading and ship chartering giant Trafigura established a green ammonia bunkering venture in Norway. Trafigura cooperated with Hy2gen and Copenhagen Infrastructure Partners (CIP) for the facility in Sauda, Norway. Trafigura Maritime Logistics controlled green ammonia bunkering venture is called Iverson eFuels. Commodity trading and ship chartering giant Trafigura will store and bunker ships Sauda, Norway. Trafigura stated that Sauda plant will be fully operational in Q1 2027. Commodity trading and ship chartering giant Trafigura will produce 600 tonnes of green ammonia per day. Trafigura will be utilizing clean electricity to supply green ammonia for ships. Swiss commodity trading and ship chartering giant Trafigura aim to minimize emissions for shipping. Norway is directing the path in terms of the evolution of ammonia as a ship bunker. In 2021, Azane Fuel Solutions is the first establishment to supply ammonia bunkering services for vessels. Azane Fuel Solutions is a joint venture between Mosvolds Rederi-backed Amon Maritime and ECONNECT Energy. 4-February-2022
Commodity trading and ship chartering giant Trafigura accomplished a 22% reduction in total Scope 1 and 2 emissions in 2021. Jeremy Weir-led Trafigura is one of the world’s biggest charterers for over 4,800 voyages annually. Commodity trading and ship chartering giant Trafigura had promised to decrease operational (Scope 1 and 2) GHG (Greenhouse Gas) emissions by 30% compared to 2020 by the end of 2023. Trafigura gained reduction by switching to renewable energy-generated electricity at two major European smelters. However, Commodity trading and ship chartering giant Trafigura’s Scope 1 emissions raised by 2% overall, mostly as a consequence of improved activity from Trafigura’s bareboat chartered shipping fleet. Shipping emissions contributed 37% of Trafigura’s direct Scope 1 emissions in 2021. Smelting is the considerable carbon-intensive activity within the Trafigura’ followed by refining and mining. In December 2021, Commodity trading and ship chartering giant Trafigura declared a target to lower the total shipping emissions by 25% by 2030. In 2022, Trafigura will perform to determine a longer-term method to reduce GHG (Greenhouse Gas) emissions, to set further GHG (Greenhouse Gas) reduction targets from 2024 onwards. Furthermore, Commodity trading and ship chartering giant Trafigura declared to convert six (6) ships to use zero-emissions fuels by 2030. Trafigura has been working with MAN Energy Solutions for the development of a green ammonia two-stroke engine by 2024. Commodity trading and ship chartering giant Trafigura have backed the introduction of low-carbon bunkers across the shipping market. Trafigura has been working with several producers and clients to quantify and lower or discover solutions to reduce or compensate upstream Scope 3 (Greenhouse Gas) emissions. In 2021, Trafigura invested in green hydrogen for industrial customers via a stake in Swiss producer H2 Energy. In 2022, commodity trading and ship chartering giant Trafigura has aligned with the World Economic Forum’s Stakeholder Capitalism Metrics and represents the group’s UNGC (United Nations Global Compact) Communication on Progress. 24-January-2022
Commodity trading and ship chartering giant Trafigura cooperated with DBS Bank to start a blockchain trading platform in Singapore. Jeremy Weir-led ship chartering giant Trafigura strived at cutting paperwork and enhancing business flows. The first blockchain trading transaction involves iron ore cargo to be exported from Africa to China. Commodity trading and ship chartering giant Trafigura’s blockchain trading is executed on the ICC Tradeflow platform. Furthermore, ICC Tradeflow platform has the backing of Infocomm Media Development Authority (IMDA) as well as the ICC (International Chamber of Commerce), and Perlin. Commodity trading and ship chartering giant Trafigura and DBS Bank expressed they intend to reduce end-to-end trade document transit time by more than half. Commodity trading and ship chartering giant Trafigura and DBS Bank will resume enhancing the digital platform. Trafigura’s Asia-Pacific CEO Tan Chin Hwee commented that Trafigura successfully embrace international business finance technology. Commodity trading and ship chartering giant Trafigura and DBS Bank’s collaboration is a promising beginning and this will stimulate the business district to create and pioneer the latest innovations that can strengthen Singapore’s function as the ultimate commodity trading hub. 6-November-2019