Potential offtaker

Crowley Maritime Corporation

www.crowley.com

Estimated electricity consumption

N/A

Countries of production presence

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Crowley Maritime Corporation: A Leader in Decarbonisation and Renewable Energy in the Marine Shipping Sector

Crowley Maritime Corporation is a US-based company that operates in the marine shipping sector. The company was founded in 1892 and has since then grown to become a leader in the industry, providing a wide range of services including transportation, logistics, energy, and marine solutions. With a focus on sustainability and decarbonisation, Crowley is committed to reducing its carbon footprint and promoting renewable energy in the marine shipping sector.

Decarbonisation

The shipping industry is responsible for approximately 2.5% of global greenhouse gas emissions, making it a significant contributor to climate change. As a leading player in the industry, Crowley recognises the urgent need to reduce its carbon footprint and mitigate the impact of shipping on the environment. The company has set ambitious targets to reduce its greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050.

To achieve these targets, Crowley is investing in a range of decarbonisation initiatives, including the use of alternative fuels, energy-efficient technologies, and operational improvements. The company is also exploring the potential of carbon capture and storage technologies to further reduce its emissions. In 2020, Crowley announced a partnership with the University of South Florida to develop and test new technologies for decarbonising the shipping industry.

Corporate Energy

In addition to reducing its own carbon footprint, Crowley is also committed to promoting renewable energy in the marine shipping sector. The company has invested in a range of renewable energy projects, including wind, solar, and hydroelectric power. Crowley is also exploring the potential of new technologies such as hydrogen fuel cells and battery storage to power its ships.

One of Crowley's most significant renewable energy projects is the installation of a 500-kilowatt solar array at its San Juan terminal in Puerto Rico. The solar array, which covers an area of 3,000 square meters, is expected to generate approximately 750,000 kilowatt-hours of electricity per year, enough to power 100 homes. The project is part of Crowley's commitment to reducing its carbon footprint and promoting renewable energy in the communities where it operates.

Corporate PPA

To further promote renewable energy, Crowley has also entered into a corporate power purchase agreement (PPA) with a wind farm in West Texas. The PPA will provide Crowley with 12 megawatts of wind energy, enough to power its operations in Houston and the surrounding area. The PPA is part of Crowley's commitment to reducing its carbon footprint and promoting renewable energy in the communities where it operates.

Renewable Energy

Crowley is also investing in renewable energy to power its ships. The company has ordered two LNG-powered container ships, which are expected to be delivered in 2023. LNG is a cleaner-burning fuel than traditional marine fuels, and the new ships are expected to reduce Crowley's greenhouse gas emissions by up to 33%. The company is also exploring the potential of new technologies such as hydrogen fuel cells and battery storage to power its ships.

Conclusion

Crowley Maritime Corporation is a leader in decarbonisation and renewable energy in the marine shipping sector. The company is committed to reducing its carbon footprint and promoting renewable energy in the communities where it operates. With ambitious targets to reduce its greenhouse gas emissions and achieve net-zero emissions by 2050, Crowley is taking a proactive approach to tackling climate change and promoting sustainability in the shipping industry. Through its investments in renewable energy, alternative fuels, and operational improvements, Crowley is leading the way towards a more sustainable and environmentally friendly future for the marine shipping sector.