EQUATE Petrochemical Company, a global producer of petrochemicals, and Maersk Line signed a partnership agreement to decrease CO2 emissions in ocean transportation, Maersk said in its press release.
The agreement, which is the first of its kind in Kuwait, is based on EQUATE’s and Maersk Line’s Sustainability priorities that include the shared vision to protect and safeguard the environment by decreasing CO2 emissions and confirms an aspiration to reduce EQUATE’s CO2 emissions per container transported with Maersk Line by 15% from 2017 to 2020.
During 2013-2016, the business collaboration between EQUATE and Maersk Line has already resulted in decreasing CO2 emissions by over 35%, which has been achieved through investments in environmentally improved vessels, network optimization, space utilization and other innovative best practices.
Maersk Line is driving similar agreements with a series of other selected strategic customers as a confirmation of mutual values and ambitions for achieving sustainable growth, aiming to enable more sustainable procurement and raising the bar for the entire industry.