Commercial, GHG Emissions  -  June 13, 2019

Cargill cuts12% of CO2 emissions from shipping fleet

Cargill announced it has decreased CO2 output per cargo-tonne-mile by 12.1% in 2018 compared with a 2016 baseline, as the company heads towards a goal of cutting 15% by 2020.

A report from Reuters noted that Cargill’s annual output dropped to 7.382 million tonnes of CO2 in 2018 from 7.732 million tonnes in 2017. Cargo tonne miles is a key shipping indicator, measuring the volume of goods transported multiplied by distance traveled.

“While we are pleased with the progress, we know it’s not enough,” Jan Dieleman, president of Cargill’s ocean transportation business, said in a statement. “The effects of climate change are on our doorstep and we must do more.” Cargill has more than 600 ships chartered at any one time, with the majority of them transporting commodities such as grain, sugar and iron ore.

Reuters said Cargill, the largest privately-held U.S. company, is among commercial firms pushing for greener shipping. In 2018 the company transported 226 million tonnes of cargo. Overall, the international shipping industry accounts for about 2% of global CO2 emissions.

The U.N. shipping agency, the International Maritime Organization (IMO) has a stated goal to cut GHG emissions by 50% from a 2008 baseline by 2050.

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