Trafigura is part of the First Movers Coalition
Trafigura backs DACS with credit purchase pledge
Commodities trader signs up to carbon removal commitment set by First Movers Coalition
Global commodities trader Trafigura has made a new commitment to support emerging carbon removal technologies including direct air capture and storage (DACS), bioenergy with carbon capture and storage (Beccs) and biomass carbon removal and storage (Bicrs). The Singapore-based company has pledged to buy at least 50,000t of “durable and scalable” net carbon dioxide removal credits by the end of 2030. The commitment, which Trafigura says is subject to the availability of the right technology, aligns with the core pledges set out by the First Movers Coalition (FMC), a global initiative set up by the World Economic Forum and the US Department of State to build up markets for clean technologies.
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
