COSCO SHIPPING Energy Transportation Co., Ltd.
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COSCO SHIPPING ENERGY TRAN-H is a Chinese company that operates in the oil tanker shipping sector. The company is committed to decarbonisation and has taken several steps to reduce its carbon footprint. It has also invested in renewable energy and corporate energy projects to reduce its reliance on fossil fuels.
COSCO SHIPPING ENERGY TRAN-H was established in 2018 as a subsidiary of COSCO SHIPPING Energy Transportation Co., Ltd. The company is headquartered in Shanghai, China and operates a fleet of oil tankers that transport crude oil, refined oil products, and liquefied petroleum gas (LPG) around the world.
The company's commitment to decarbonisation is reflected in its efforts to reduce its carbon emissions. COSCO SHIPPING ENERGY TRAN-H has implemented several measures to improve the energy efficiency of its fleet, including the installation of energy-saving devices and the use of low-sulfur fuel. The company is also exploring the use of alternative fuels such as liquefied natural gas (LNG) and biofuels.
In addition to reducing its carbon emissions, COSCO SHIPPING ENERGY TRAN-H is also investing in renewable energy. The company has signed several corporate power purchase agreements (PPAs) to purchase renewable energy from wind and solar projects. These PPAs allow the company to reduce its reliance on fossil fuels and support the development of renewable energy.
COSCO SHIPPING ENERGY TRAN-H is also investing in corporate energy projects to improve the energy efficiency of its operations. The company has implemented energy management systems and has conducted energy audits to identify areas for improvement. It has also invested in energy-efficient technologies such as LED lighting and smart building systems.
One of the company's most significant renewable energy projects is the construction of a 100 MW wind farm in the Ningxia Hui Autonomous Region of China. The wind farm is expected to generate approximately 300 million kWh of electricity per year, which will be sold to the grid under a long-term PPA. The project is expected to reduce the company's carbon emissions by approximately 300,000 tonnes per year.
COSCO SHIPPING ENERGY TRAN-H is also exploring the use of renewable energy in its operations. The company has installed solar panels on the roofs of its offices and warehouses to generate electricity for its own use. It is also exploring the use of solar and wind power to provide electricity for its ships while in port.
In addition to its efforts to reduce its carbon footprint, COSCO SHIPPING ENERGY TRAN-H is also committed to sustainable development. The company has implemented a number of initiatives to promote environmental protection, social responsibility, and economic development. It has established a corporate social responsibility (CSR) committee to oversee these initiatives and ensure that they are aligned with the company's values and goals.
COSCO SHIPPING ENERGY TRAN-H is also committed to promoting sustainable development in the communities where it operates. The company has established partnerships with local governments, NGOs, and other stakeholders to support environmental protection, poverty alleviation, and education initiatives. It has also established a scholarship program to support the education of underprivileged children in China.
In conclusion, COSCO SHIPPING ENERGY TRAN-H is a Chinese company that operates in the oil tanker shipping sector. The company is committed to decarbonisation and has taken several steps to reduce its carbon footprint. It has invested in renewable energy and corporate energy projects to reduce its reliance on fossil fuels. The company is also committed to sustainable development and has implemented a number of initiatives to promote environmental protection, social responsibility, and economic development.