Page 28: of Maritime Reporter Magazine (May 2021)

GREEN SHIP OWNER

The Green Path

Stena Bulk invests in the future, a future de? ned by decarbonization. Erik Hånell, President & CEO, discusses the plan, the path and the costs.

By Greg Trauthwein hile the majority of shipowners still struggle emissions. These options are based on the use of biofuels and to pick the technological path toward meet- an internal carbon emissions offsetting program, which allows ing emission reduction targets in the coming the it to offer low-carbon options on any voyage, regardless of

W 30 years, one company, Stena Bulk which ports and speci? c ships used.

today has about 110 tankers (30% owned, 70% managed) gen- Next year Stena Bulk will launch the ? rst of three planned erating about $1.4B in revenue annually, recently unveiled its carbon neutral-ready, methanol fueled vessels in collabora- roadmap toward decarbonization, a plan with targets and dates tion with Proman, a ship that will also be able to be operated to serve as its guide to become a net zero business by 2050. on VLFSO and is aimed to come into service 18 years ahead

While the path is set, there are sure to be many course adjust- of Stena Bulk’s ambition to become one of the ? rst carbon ments on the three decades journey as technology evolves and neutral vessel operators in the world by 2040. “From 2020 to markets dictate. Stena Bulk’s ? rst ‘stake’ is in fact already in 2030, we would not build a ship that cannot have an alterna- the ground according to Erik Hånell, President & CEO, Stena tive fuel,” said Hånell. “We have another stake in the ground,

Bulk, as in 2020 the company began offering customers low- which is 2035. That is when we say that we’re going to build carbon shipping options with up to a 100% reduction of CO2 the In? nityMAX.”

In? nityMAX is electric, modular and designed to enable sustainable, zero carbon, ef? cient and ? exible seaborne transportation by 2035.

Image Courtesy Stena Bulk 28 Maritime Reporter & Engineering News • May 2021

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