Carbon Neutral Ethylene Sales

Source: www.gulfoilandgas.com 12/10/2021, Location: Asia

CPC Corporation, Taiwan, and Marubeni Corporation (hereinafter, “Marubeni”) announce that they will complete the delivery of world’s first carbon neutral (*1) ethylene (hereinafter, “CN Ethylene”) cargo with high-quality offsets covering the CO2 emissions from “well-to-gate”. Macquarie Group Limited (hereinafter, “Macquarie”) sourced the nature-based carbon offsets (*2) and retired them on behalf of CPC and Marubeni at the Verra Registry.

The delivery will be made by the PACIFIC VENUS (IMO 9712553), a 17,156cbm ethylene gas carrier operated by Navigator Gas Holdings Ltd., to CPC at the Kaohsiung receiving terminal.

The offsetting covered the CO2 emissions of the CN Ethylene from the natural gas well in the United States to delivery point at CPC’s customer’s site (gate) in Kaohsiung, Taiwan (*3).

CPC and Marubeni intend to further develop carbon neutralization of Asian based ethylene, including ethylene produced by CPC in order to meet customer needs for low carbon and decarbonization.


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