Potential offtaker

DP World

www.dpworld.com

Estimated electricity consumption

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Countries of production presence

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DP World is a global leader in port and terminal operations, headquartered in Dubai, United Arab Emirates. The company has a presence in over 50 countries and operates 123 marine and inland terminals worldwide. DP World is committed to sustainable development and is actively pursuing decarbonisation initiatives to reduce its carbon footprint and support the transition to a low-carbon economy.

DP World recognizes that the global shipping industry is a significant contributor to greenhouse gas emissions, accounting for around 2.2% of global emissions. As a major player in the industry, DP World has a responsibility to reduce its environmental impact and contribute to global efforts to combat climate change. The company has set ambitious targets to reduce its carbon emissions and has developed a comprehensive decarbonisation strategy to achieve these targets.

One of the key elements of DP World's decarbonisation strategy is the adoption of renewable energy sources. The company has committed to sourcing 100% of its energy from renewable sources by 2030. To achieve this goal, DP World is investing in solar and wind energy projects, both on-site and off-site, and is exploring the potential of other renewable technologies such as hydrogen fuel cells.

DP World is also pursuing corporate power purchase agreements (PPAs) to support the development of renewable energy projects. Corporate PPAs are long-term contracts between a company and a renewable energy developer, which provide a stable revenue stream for the developer and a reliable source of renewable energy for the company. DP World has signed several corporate PPAs in recent years, including a 25-year agreement with Dubai Electricity and Water Authority (DEWA) for the development of a 800 MW solar project in Dubai.

In addition to renewable energy, DP World is also investing in energy efficiency measures to reduce its energy consumption and carbon emissions. The company has implemented a range of measures, including the installation of energy-efficient lighting and HVAC systems, the optimization of container handling processes, and the use of electric vehicles and equipment.

DP World is also exploring the potential of other decarbonisation technologies, such as carbon capture and storage (CCS) and alternative fuels. The company is participating in several research and development projects to explore the feasibility of these technologies and their potential to reduce carbon emissions in the shipping industry.

DP World's commitment to decarbonisation is not only driven by environmental concerns but also by business imperatives. The company recognizes that the transition to a low-carbon economy presents significant opportunities for growth and innovation. By investing in renewable energy and other decarbonisation technologies, DP World is positioning itself as a leader in the industry and is well-positioned to capitalize on the growing demand for sustainable solutions.

DP World's decarbonisation initiatives are supported by a comprehensive corporate energy management program. The program includes regular energy audits, the development of energy management plans, and the implementation of energy-saving measures. DP World has also established an Energy Management System (EnMS) to monitor and manage its energy consumption and carbon emissions.

DP World's commitment to decarbonisation has been recognized by a range of industry bodies and sustainability organizations. The company has been awarded several certifications and accolades, including ISO 14001 certification for its environmental management system, the Carbon Trust Standard for Supply Chain, and inclusion in the Dow Jones Sustainability Index.

In conclusion, DP World is a global leader in port and terminal operations, committed to sustainable development and decarbonisation. The company recognizes the significant environmental impact of the shipping industry and is actively pursuing renewable energy and other decarbonisation technologies to reduce its carbon emissions. DP World's commitment to decarbonisation is not only driven by environmental concerns but also by business imperatives, as the company recognizes the significant opportunities presented by the transition to a low-carbon economy. DP World's comprehensive corporate energy management program supports its decarbonisation initiatives and has been recognized by industry bodies and sustainability organizations.