VIDEO: Chief executive of shipping tanker giant talks to BusinessGreen's Cecilia Keating about its ambitious plans to reach net zero across its entire operations by 2050
Erik Hanell is CEO of Stena Bulk, one of the world's leading tanker shipping companies, which recently set it sights on ensuring its entire operations, indirect business and even the cargo carried on its vessels acehive net zero emissions by 2050.
The global shipping industry is estimated to account for around 2.5 per cent of total greenhouse gas emissions, but decarbonising large vessels is seen as a significant technical and financial challenge, in part due to the long-life span of ships and the challenges of developing zero carbon alternatives.
But the Swedish company's ambitious net zero plans include developing zero emission ships and carbon neutral biofuels over the next three decades to help power its fleet, in a move it believes will give it a market edge by offering its customers low carbon tanker services as green shipping regulationgs tighten in the coming years.
In a wide-ranging chat with BusinessGreen's Cecilia Keating, Hanell recently delved more deeply into Stena Bulk's decarbonisation and green shipping innovation plans, offering his thoughts on the huge opportunities and challenges of steering the global shipping industry towards a climate-friendly future. The conversation can be watched in full above.