Potential offtaker

MISC Berhad

www.misc.com.my

Estimated electricity consumption

N/A

Countries of production presence

N/A

MISC BHD is a Malaysian company that operates in the tanker shipping sector. It is one of the largest and most diversified shipping companies in the world, with a fleet of more than 100 vessels. The company is committed to sustainability and decarbonisation, and has made significant investments in renewable energy and corporate energy initiatives.

MISC BHD was founded in 1968 as Malaysia International Shipping Corporation Berhad. The company started out as a shipping agency, but quickly expanded into the tanker shipping sector. Today, MISC BHD operates a wide range of vessels, including crude oil tankers, product tankers, LNG carriers, and offshore vessels.

The company is committed to sustainability and has made significant investments in decarbonisation initiatives. In 2019, MISC BHD signed a memorandum of understanding with eight other companies to establish the Malaysian Shipping Council on Green Technology and Alternate Fuels. The council aims to promote the use of alternative fuels and technologies in the shipping industry, and to support the decarbonisation of the sector.

MISC BHD has also made significant investments in renewable energy. In 2018, the company signed a corporate power purchase agreement (PPA) with a solar power company to purchase 50 MW of solar energy for its operations in Malaysia. The PPA is part of MISC BHD's commitment to reduce its carbon footprint and to support the development of renewable energy in Malaysia.

In addition to its renewable energy initiatives, MISC BHD has also implemented a range of corporate energy initiatives to reduce its energy consumption and improve its energy efficiency. The company has implemented energy management systems and has invested in energy-efficient technologies, such as LED lighting and energy-efficient HVAC systems.

MISC BHD is also committed to reducing its greenhouse gas emissions. The company has set a target to reduce its emissions by 50% by 2035, compared to its 2018 baseline. To achieve this target, the company is investing in fuel-efficient technologies and alternative fuels, such as LNG and biofuels.

MISC BHD's commitment to sustainability and decarbonisation has been recognised by the industry. In 2020, the company was awarded the Green Shipping Line of the Year award at the Seatrade Maritime Awards Asia. The award recognises MISC BHD's commitment to sustainability and its efforts to reduce its environmental impact.

In conclusion, MISC BHD is a Malaysian company that operates in the tanker shipping sector. The company is committed to sustainability and decarbonisation, and has made significant investments in renewable energy and corporate energy initiatives. MISC BHD's commitment to sustainability has been recognised by the industry, and the company is well-positioned to continue to lead the way in the decarbonisation of the shipping industry.

✓ Declared Net Zero commitment