As a leading fully integrated, LPG shipping, trading, and land-based wholesale and terminal operating platform, we take our responsibility to limit climate change seriously. We are proud members of several key industry bodies, including the Global Maritime Forum, Getting to Zero Coalition, Maritime Anti-Corruption Network, World Liquid Gas Association, and are also signatories of the IEA’s Clean Cooking Declaration.
We operate one of the youngest and most fuel-efficient fleets in two of the most environmentally friendly shipping segments. Since 2020, we have invested approximately $1.3 billion in cleaner alternative fuel propulsion, energy-saving technologies and the construction of new, highly fuel-efficient vessels.
We consider it our responsibility to conduct our operations in the most ethical way possible, while also utilising the lowest carbon-emitting asset base and minimising our exposure to investments that don’t contribute to a zero-emission future. Petredec will strive to always own the youngest, most fuel-efficient fleet of ships and trucks, and invest in lower-emitting modalities of transport and renewable sources of energy for its terminals where possible.
Our Approach to Sustainability
We believe there are two energy transitions underway: [1] the developed world’s transition away from hydrocarbons to renewables and [2] the developing world’s transition from biomass to clean cooking solutions.
Petredec’s mission is to enable access to LPG for the developing world and accelerate its energy transition, supported by Petredec’s core capability as a leading LPG value chain company.
For more information, download our 2024 Sustainability Report.
