- Teck Resources Limited (TECK.A) and Oldendorff Carriers entered an agreement to employ energy efficient bulk carriers for Teck steelmaking coal shipments from Vancouver
- This initiative is expected to achieve a CO2 emissions reduction of 30 to 40 per cent for any shipments handled by Oldendorff
- As part of Teck’s sustainability strategy, it has goals to reduce carbon intensity across operations by 33 per cent by 2030 and be a carbon-neutral operator by 2050
- Oldendorff’s fleet of ‘eco’ bulk carriers achieve fuel savings, owing to their energy-saving design, fuel-efficient engines, maximizing cargo size and utilizing advanced voyage optimization
- Teck Resources Limited (TECK.A) is up 2.057 per cent and is trading at $38.20 per share at 12:46 p.m. ET
Teck Resources Limited (TECK.A) and Oldendorff Carriers entered an agreement to employ energy efficient bulk carriers for Teck steelmaking coal shipments from Vancouver.
It will be shipped from the port to international destinations, reducing CO2 emissions in the supply chain.
This initiative is expected to achieve a CO2 emissions reduction of 30 to 40 per cent for any shipments handled by Oldendorff.
The estimated savings are up to 45,000 tonnes of CO2 per year, which is equivalent to removing approximately 10,000 passenger vehicles from roads.
As part of Teck’s sustainability strategy, it has goals to reduce carbon intensity across operations by 33 per cent by 2030 and be a carbon-neutral operator by 2050.
Don Lindsay, President and CEO of Teck, said “partnering with Oldendorff to reduce the emissions associated with transportation of our steelmaking coal is one of the ways Teck is reducing our carbon footprint and taking action on climate change.”
“As part of our climate strategy, we are committed to working with transportation providers to reduce emissions downstream of our business,” he said.
Oldendorff’s fleet of ‘eco’ bulk carriers achieve fuel savings, owing to their energy-saving design, fuel-efficient engines, maximizing cargo size and utilizing advanced voyage optimization.
Oldendorff’s fleet of approximately 700 bulk carriers from Handy size to Cape size gives Teck shipping flexibility and reduced carbon intensity on each voyage.
Oldendorff Carriers is a 100-year-old family-owned shipping company operating a fleet of about 700 bulk carrier
Teck commits itself to responsible mining and mineral development with major business units focused on copper, zinc, steelmaking coal, and investments in energy assets.
Teck Resources Limited (TECK.A) is up 2.057 per cent and is trading at $38.20 per share at 12:46 p.m. ET.