EnvironmentGreater ChinaTankers

China completes first carbon-neutral crude shipment

Three state-owned Chinese entities have revealed details of the country’s first carbon-neutral crude oil shipment.

Refiner Sinopec has jointly certified the landmark shipment with Cosco Shipping and China Eastern Airlines.

The 30,000 tonne cargo was produced by Sinopec in Angola and shipped by Cosco Shipping to an east China-based Sinopec refinery for processing. The three companies offset the shipment by buying Chinese Certified Emissions Reductions credits, which will be spent on local carbon-reducing projects.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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