Zoom in on Net Zero - with Stena Bulk CEO Erik Hanell

Cecilia Keating
clock • 1 min read

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.

More on Shipping

Green Shipping Corridors: UK, US, Norway, and the Netherlands promise zero emission trading routes

Green Shipping Corridors: UK, US, Norway, and the Netherlands promise zero emission trading routes

UK and US announce launch of new Green Shipping Corridor Task Force on the sidelines of COP27

James Murray
clock 08 November 2022 • 3 min read
Credit: iStock

Global shipping sector backs mandatory carbon levy to help scale greener fuels

‘Fund and reward’ measure could stimulate the growth of still-nascent lower carbon shipping fuel markets, according to the International Chamber of Shipping

Cecilia Keating
clock 25 October 2022 • 3 min read
Credit: Stena Bulk

Stena Bulk plots carbon capture technology on tanker vessel

Shipping company claims it will be the first to demonstrate 'end-to-end' shipboard carbon capture at large scale

Cecilia Keating
clock 06 October 2022 • 4 min read