First carbon offset cargo from Pluto delivered

Saipem to deliver works for Scarborough

The equivalent of the emissions produced by the extraction, storage and shipping of the 650,000 bbl cargo will be offset through a combination of efficiency measures and the surrender of high-quality carbon offsets.

The cargo was delivered to independent commodity trading company Trafigura, which will jointly calculate the emissions generated by the cargo with Woodside based on data collected by both companies.

Woodside and Trafigura have also singed a non-binding memorandum of understanding to explore opportunities for carbon management in the marketing of carbon offset liquids and gas in the future.

Woodside Vice President Marketing Trading and Shipping Mark Abbotsford said the carbon offset cargo could be the first of its kind globally.

“We are pleased to be partnering with Trafigura, Kansai Electric and Tokyo Gas to deliver our first carbon offset condensate cargo,” he said.

“The transaction provided an opportunity to further develop our carbon offset marketing capability and gain an understanding of the carbon market in its early phases.”

For more information visit the Woodside website.

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