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Vitol has launched a Green LNG product for its LNG customers looking to mitigate carbon emissions.
The emissions associated with the cargo, from wellhead to DES delivery, will be offset through the cancellation of Verified Emissions Reductions (VERs). VERs are carbon offset certificates that are verified and issued by one of: UN Clean Development Mechanism, Verified Carbon Standard (VERRA), Gold Standard, American Carbon Registry, China Green House Gas Voluntary Emission Reduction Programme or Climate Action Reserve.
All LNG customers will be offered the opportunity of converting LNG cargoes to Green LNG through offsets. Emissions to be offset will be estimated using the Wood Mackenzie LNG Emissions Tool, which estimates carbon emissions from wellhead to market. The VERs will be sourced from Vitol’s existing portfolio and the wider market.
Vitol Offers Green LNG to Customers
Mar 2, 2021 10:05:am
Summary
by: Joe Murphy
Posted in:
Vitol Offers Green LNG to Customers
Vitol announced on March 1 it would offer its customers so-called green LNG cargoes that have had their CO
2 emissions offset from wellhead to the terminal (delivered ex ship).
The Dutch commodities trader will offset the emissions by cancelling verified emissions reduction (VER) certificates, awarded to projects that decrease or avoid CO
2 emissions. VER certificates are issued by the UN Clean Development Mechanism, Verified Carbon Standard (VERRA), Gold Standard, American Carbon Registry, China Green House Gas Voluntary Emission Reduction Programme and Climate Action Reserve.
Vitol launches Green LNG offering
édité le 01/03/2021 - Plus de news de Vitol - Voir la fiche entreprise de Vitol
Vitol has launched a Green LNG product for its LNG customers looking to mitigate carbon emissions. The emissions associated with the cargo, from wellhead to DES delivery, will be offset through the cancellation of Verified Emissions Reductions (VERs). VERs are carbon offset certificates that are verified and issued by one of: UN Clean Development Mechanism, Verified Carbon Standard (VERRA), Gold Standard, American Carbon Registry, China Green House Gas Voluntary Emission Reduction Programme or Climate Action Reserve.
All LNG customers will be offered the opportunity of converting LNG cargoes to Green LNG through offsets. Emissions to be offset will be estimated using the Wood Mackenzie LNG Emissions Tool, which estimates carbon emissions from wellhead to market. The VERs will be sourced from Vitols existing portfolio and the wider market.
Abaxx advances ESG and carbon markets strategy by leading Series A Financing in AirCarbon Exchange
February 11, 2021 08:00 ET | Source: Abaxx Technologies Inc. Abaxx Technologies Inc.
TORONTO, Feb. 11, 2021 (GLOBE NEWSWIRE)
Abaxx Technologies Inc., (ABXX:NEO) (“Abaxx” or the “Company”), a financial software company, majority shareholder of
Abaxx Singapore Pte. Ltd., the Abaxx Commodity Exchange (“AEX”), and producer of the
SmarterMarkets™ Podcast, is making a strategic investment in AirCarbon Pte. Ltd. Singapore (“AirCarbon” or “ACX”). A Letter of Intent (“LOI”) was signed between Abaxx and AirCarbon to develop and license software services and explore commodity futures market related services as AirCarbon advances standardized contracts for carbon offset markets.
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