Potential offtaker

COSCO SHIPPING Holdings Co., Ltd.

www.chinacosco.com

Estimated electricity consumption

N/A

Countries of production presence

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COSCO SHIPPING HOLDINGS CO-H is a Chinese company that operates in the container shipping sector. The company is one of the largest container shipping companies in the world, with a fleet of over 1,300 vessels that operate in more than 300 ports around the world. COSCO SHIPPING HOLDINGS CO-H is committed to decarbonisation and is actively working to reduce its carbon footprint and promote renewable energy.

Decarbonisation

COSCO SHIPPING HOLDINGS CO-H is committed to reducing its carbon footprint and promoting decarbonisation. The company has set a target to reduce its carbon emissions by 45% by 2030, compared to 2005 levels. To achieve this target, the company is investing in new technologies and processes that will help to reduce its carbon emissions.

One of the key initiatives that COSCO SHIPPING HOLDINGS CO-H is pursuing to reduce its carbon footprint is the use of alternative fuels. The company is exploring the use of biofuels, hydrogen, and other alternative fuels that can help to reduce its carbon emissions. COSCO SHIPPING HOLDINGS CO-H is also investing in new technologies that can help to improve the energy efficiency of its vessels, such as new propulsion systems and energy-saving devices.

Corporate Energy

COSCO SHIPPING HOLDINGS CO-H is committed to promoting corporate energy efficiency and reducing its energy consumption. The company has implemented a number of initiatives to improve energy efficiency, such as the use of energy-efficient lighting and HVAC systems in its offices and warehouses.

COSCO SHIPPING HOLDINGS CO-H is also exploring the use of renewable energy to power its operations. The company has installed solar panels on the roofs of its offices and warehouses, which generate electricity that is used to power the company's operations. COSCO SHIPPING HOLDINGS CO-H is also exploring the use of wind power and other renewable energy sources to power its vessels.

Corporate PPA

COSCO SHIPPING HOLDINGS CO-H is committed to promoting the use of renewable energy and has entered into a number of corporate power purchase agreements (PPAs) to support the development of renewable energy projects. A PPA is a long-term contract between a company and a renewable energy provider, under which the company agrees to purchase a certain amount of renewable energy from the provider.

COSCO SHIPPING HOLDINGS CO-H has entered into a number of PPAs to support the development of wind and solar projects in China. These PPAs help to support the development of renewable energy projects and provide a stable source of revenue for the renewable energy providers.

Renewable Energy

COSCO SHIPPING HOLDINGS CO-H is committed to promoting renewable energy and is actively investing in renewable energy projects. The company has invested in a number of wind and solar projects in China, which generate electricity that is sold to the grid.

COSCO SHIPPING HOLDINGS CO-H is also exploring the use of renewable energy to power its vessels. The company is exploring the use of wind power and other renewable energy sources to reduce its reliance on fossil fuels and reduce its carbon emissions.

Conclusion

COSCO SHIPPING HOLDINGS CO-H is a Chinese company that operates in the container shipping sector. The company is committed to decarbonisation and is actively working to reduce its carbon footprint and promote renewable energy. COSCO SHIPPING HOLDINGS CO-H is exploring the use of alternative fuels, investing in new technologies to improve energy efficiency, and promoting the use of renewable energy through corporate PPAs and investments in renewable energy projects. The company's commitment to decarbonisation and renewable energy is a positive step towards a more sustainable future for the shipping industry.

✓ Declared Net Zero commitment