Trafigura and Braskem Collaborate on Carbon Offset Naphtha Cargo

Source: www.gulfoilandgas.com 4/26/2021, Location: South America

Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, and Braskem, the largest petrochemical company in the Americas and a world leader in biopolymers production, have collaborated on what is believed to be the first cargo of carbon offset naphtha¹. The cargo was shipped last week from Corpus Christi, Texas and will be delivered by Trafigura to Braskem’s facility via the Port of Aratu in Bahia, Brazil.

The carbon dioxide equivalent emissions associated with the extraction and pipeline transportation of crude oil, its processing to produce naphtha and waterborne transportation of the 325,000-barrel carbon offset cargo will be calculated on data collected by Trafigura. Emissions will be offset through a combination of efficiency measures which reduce emissions, and surrender of high-quality carbon offsets.

Trafigura has worked with the vessel owner to minimise actual emissions associated with transporting the cargo including by chartering the most energy efficient vessel available at the time of fixing and by agreeing with the ship owner that a speed reduction is made. High-quality carbon offsets have been sourced from nature-based projects located in Indonesia that are independently verified by the Verified Carbon Standard.

“Naphtha is a vital component for the plastics industry and this carbon offset cargo, the first of its kind, demonstrates the potential to reduce upstream supply chain emissions for non-combustible plastics. We believe this could be an important additional step in the industry’s efforts to minimise emissions,” said Dmitri Croitor, Global Head of Naphtha and Condensates, Trafigura.

"Braskem is committed with a carbon neutral circular economy strategy and this pilot is a step forward in this direction, contributing to offset part of the value chain emissions,” said Hardi Schuck, Feedstocks, Chemicals and Global Chartering Director at Braskem. “Today’s announcement fits with our efforts to continue to advance in innovation and to develop low carbon solutions.”


United States >>  8/3/2022 - Sunbridge Energy Services, a provider of clean energy fuels in the Permian region, today announced that its natural gas compression station, located i...
Australia >>  7/28/2022 - On July 11, M.V. COSCO JING GANG SHAN sailed from Qinzhou Port to Australia fully loaded with engineering vehicles made by LiuGong. This is the first ...

France >>  7/28/2022 - GTT has been granted two Approvals in Principle (AIP[1]) from the leading classification society DNV for the design of a membrane type containment sys...
Japan >>  7/26/2022 - NTT Anode Energy Corporation announced a joint research and development project to study safety measures for the mass transportation of hydrogen throu...

United States >>  7/26/2022 - Howard Energy Partners (HEP), through its joint venture, Dos Caminos, LLC ("Dos Caminos"), announced plans to expand its capabilities to gather, treat...
Mexico >>  7/21/2022 - Sempra Infrastructure, a subsidiary of Sempra (SRE), and Mexico's Federal Electricity Commission (Comisión Federal de Electricidad, CFE), announced se...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.