Our Commitment: As a leader in trading, transporting, and distributing LPG we take our responsibility to limit climate change seriously. We are proud members of the Global Maritime Forum, getting to zero coalition and World LPG Association, and fully support the industry-wide goal to limit global warning to 1.5c.
CO2 emissions reduction per nautical mile
One of the best fleet wide Annual Efficiency Ratings
As demand for LPG increases, we continue to invest in our best-in-class VLGC fleet – comprising a 90% share of ECO, dual fuel and scrubber fitted vessels – that enables us to both reduce carbon emissions generate efficiencies across our fleet others are unable to match.
- Our 6 dual fuel newbuilds emit 25% less CO2 than their conventional fuel equivalents
- One of the best fleetwide Annual Efficiency Ratings
- $500m investment in cleaner dual fuel propulsion technology
- Youngest fleet on the water with eco-friendly replacements of older ships
Environmental impact of substituting wood with LPG
[1] Prevents deforestation
[2] Prevents deaths from indoor air pollution
There are two energy transitions underway. The first, well publicised transition is happening in the developed world in which mature economies are shifting from hydrocarbons towards renewables. More than 90% of the developed world’s population enjoys access to clean cooking and uninterrupted electricity supply.
There is a second, lesser-known energy transition taking place in the developing world where over 2.5bn people in heavily populated emerging countries still cook on biomass fuels such as wood and cow dung. The lack of access to clean cooking sources has severe negative consequences on both quality of life and the environment: indoor air pollution contributes to ~4m premature deaths each year while reliance on wood drives dire rates of deforestation in Africa. LPG can and will play a crucial role in the developing world’s energy transition as a clean cooking fuel.
LPG is a more efficient cooking fuel, requiring just 1/10th the amount of wood for the same energy content while generating 1/5th the carbon. Enabling the switch from wood to LPG in the developing world will significantly reduce carbon dioxide emissions, prevent deforestation of millions of hectares of forest and save millions of lives of each year.
Petredec is proud to take a leading role in the developing world’s energy transition.
(Source: https://www.wlpga.org/)
Quantifying the impact of Petredec’s LPG Trade
As a cleaner-burning fuel, the increased adoption of LPG as an energy source for cooking will significantly decrease household air pollution. Over 1/3 of the world’s population currently lacks access to clean cooking, primarily relying on biomass resulting in in around 4 million premature deaths each year.
Our Sustainability Policies centre around our environmental commitments to safeguarding the Planet, our commitment to our People to provide a safe, healthy and responsible workplace, all conducted under a corporate governance framework based on transparent and rigorous Processes.
