Green transformation to achieve sustainable development has become a global consensus and the concerted action of the shipping industry. The "14th five-year plan" is the key five years for China to achieve carbon peak, and it is also the first five years to incorporate the vision of carbon neutrality into the economic and social development plan. "Green, low carbon, energy conservation first" is the theme of this year's National Energy Conservation Publicity Week.
COSCO SHIPPING Energy has always adhered to the green and low-carbon development strategy, followed the green trend of the global shipping industry, focused on marine environmental protection, carried out shipping emission reduction, and practiced social responsibility through green services and technological transformation to build a cleaner and more resilient business ecosystem.
Guided by the Concept of Green Environmental Protection, Strengthening the Construction of Management System and Protect the Marine Ecosystem
COSCO SHIPPING Energy strictly abides by the bottom line of environmental compliance, scientifically formulates medium- and long-term environmental management plans, focuses on improving the construction of environmental management system, formulates eco-friendly routes, strives to achieve the environmental goal of "zero pollution, high energy efficiency and low emissions", and minimizes the negative impact of ship transportation on the marine, atmospheric and land-shore environment.
Improving Environmental Compliance Management
We strictly abide by relevant international, domestic and industrial policies and regulations, including Law of the People's Republic of China on Maritime Environmental Protection and other laws and regulations, as well as conventions and industrial regulations such as the International Convention on the Management and Control of Ships' Ballast Water and Sediments, the International Convention on the Control of Harmful Anti-Fouling Bottom Systems on Ships, and the Regulations on the Management of the Prevention of Marine Environmental Pollution by Ships, and have formulated a five-year environmental protection plan for 2021-2025, All responsible persons of environmental management are required to sign the Letter of Responsibility for Safe Production and Ecological Environment Protection, incorporate the performance of energy conservation, emission reduction and ecological environment protection into the performance assessment of responsible persons, and ensure the implementation of the company's environmental management strategies and plans level by level. At the same time, the company formulates plans from green operation to emission management, from environmental protection training to industry exchange, and ensures that the plan is evaluated and updated at least once a year.
Developing Eco-Friendly Routes
As a ship owner company, we comprehensively consider shipping safety, freight, port, technology and other factors when planning the route, pay attention to the potential impact on biodiversity, and fully consider whether there are areas with special geographical conditions, ecosystems, biological and abiotic and special needs for the opening and utilization of the sea (i.e. PSSA particularly sensitive areas) in the route. We identify the environmental factors that may cause adverse effects in the process of shipping, including oil sewage, navigation noise, biological dirt, etc. produced by ship ballast water operation, tank washing and other links, and carry out targeted special management through the development of systems such as “The Control of Ship Environmental Factors”, “Ballast Water Management Plan”, “Tanker Ballast Water Operation”, and “Regulations on the Management of Ship Oil Sewage Treatment”. The emission target of hazardous waste is to reduce by 3% every year, and the total carbon emission has been reduced by about 1.4 million tons in the past six years.
Reducing the Carbon Footprint throughout the Life Cycle of Ships and Ensuring Low-Carbon Emission Reduction from the Source to the End
COSCO SHIPPING Energy focuses on industry trends, explores emission reduction paths, takes scientific and technological innovation as the engine, strengthens capital investment, tackles key green technologies, studies alternative fuels, and relies on the technical reserves of shipbuilding partners to make greater contributions to the realization of the "carbon peak and carbon neutralization" goal and the commercialization of zero carbon ship types.
Under the low-carbon development trend of the shipping industry, COSCO SHIPPING Energy has taken the initiative to grasp the industry trend, and has continued to track and study low-carbon fuel technology for many years, giving full play to its rich experience in the integrated development of the LNG industry chain, LNG transportation, LNG ship filling and new energy business development, and has made a positive contribution to the industry's exploration of a green development path with the goal of "green, low emission and sustainable marine transportation". In recent years, relying on the strong technical reserves and continuous innovation guidance of relevant partners, COSCO SHIPPING Energy has successively carried out the design and research and development of the world's first LNG dual-fuel super large crude oil ship, China's first methanol dual-fuel power VLCC and ammonia power VLCC, and obtained the theoretical approval certificate. It has also reduced fuel consumption by promoting the use of ship energy-saving technology and adopting economic speed and other ways, as well as making contributions to the "carbon peak and carbon neutralization" goal of shipping and the commercialization of zero carbon ship types.
On February 28 this year, COSCO SHIPPING Energy was successfully connected to the world's first LNG dual-fuel powered super large crude oil ship. On May 18, the ship successfully completed its maiden voyage, adding a beautiful stroke to COSCO SHIPPING Group's application of green, environmental protection and energy-saving technologies in large oil tankers, and writing a new chapter for China's exploration of green, low emission and sustainable marine energy transportation. As the world's first LNG dual-fuel VLCC, Ship Yuanruiyang takes LNG and marine fuel as its power source. In terms of energy efficiency management, the ship's energy efficiency design index (EEDI) is 36% lower than the baseline value, the carbon dioxide emission reduction meets the requirements of EEDI PHASE III, the nitrogen oxide emission meets the most stringent Tier III requirements of IMO, the structural design meets the coordinated common structural specifications, and the list of harmful substances is provided according to EU regulations, meeting the requirements of the intelligent energy efficiency symbol i-Ship(E) of China Classification Society, and the green Important breakthroughs have been made in the application of environmental protection and energy-saving technologies.
Working Together with Industry Partners to Build a Green Supply Chain, Enabling Enterprises to Achieve Sustainable Ecological Development
COSCO SHIPPING Energy focuses on industry trends, explores emission reduction paths, takes scientific and technological innovation as the engine, strengthens capital investment, tackles key green technologies, studies alternative fuels, and relies on the technical reserves of shipbuilding partners to make greater contributions to the realization of the "carbon peak and carbon neutralization" goal and the commercialization of zero carbon ship types.
COSCO SHIPPING Energy has given full play to its own advantages, practiced and innovated with its partners, explored a cross-industry, full-cycle and zero-emission path, and made positive contributions to the implementation of the "carbon peak and carbon neutralization" goal of the oil industry, aviation industry and shipping industry. In September 2021, COSCO SHIPPING, as one of the three enterprises, won China's first carbon-neutral oil certification issued by Shanghai Environment and Energy Exchange. In order to offset the carbon emissions in the whole life cycle of the oil, the three enterprises purchased the China Certified Emission Reduction (CCER) and hired Shanghai Environment and Energy Exchange as the carbon neutralization certification authority. The emission reduction projects purchased this time are mainly Jiangxi Fenglin carbon sequestration afforestation project and rural household biogas project in Zaoyang City, Hubei Province, which have strongly supported the development of agriculture and forestry planting industry and low-carbon green energy in remote areas, also achieved China's first ship of carbon neutral oil in a complete sense, set a benchmark for voluntary emission reduction in the industry, and led the green development of the industry.
COSCO SHIPPING Energy and major central enterprises jointly expand the strategic pattern of China's LNG industry chain, work together to build a collaborative operation format of LNG shipping and cargo, optimize the localization mode of LNG transportation and shipbuilding, and form fruitful results of symbiosis and common prosperity among large shipowners, large shipowners and large shipyards. At the third Shanghai International LNG Shipping Forum held on November 6, 2021, 12 leading LNG trading and shipping enterprises, including COSCO SHIPPING Group, jointly issued the declaration of action under the "carbon peak and carbon neutralization" goal and the "LNG Blue Ocean Declaration", advocating actively contributing to Global Climate Governance and jointly building a harmonious and beautiful home. The company also signed a memorandum of cooperation on new energy research for ship emission reduction with Mitsui O.S.K. Lines, Ltd.. In December, 2021, the 3-ship agreement of China National Petroleum Corporation State Phase II Project was signed, the 3+3-ship framework agreement of CNOOC gas power project was signed in January, 2022, and the 2-ship agreement of Sinochem project was signed in May, 2022.
The shipping industry must prepare for a low-carbon future. In the next step, COSCO SHIPPING Energy will continue to provide resilient and sustainable supply chain solutions, and work together with industry chain partners to participate in carbon emission reduction and make unremitting efforts for the development of green shipping.
