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| Name | Symbol | Market | Type |
|---|---|---|---|
| AB Electrolux (PK) | USOTC:ELUXY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.22 | 1.50% | 14.92 | 14.59 | 15.04 | 14.92 | 14.92 | 14.92 | 843 | 18:00:34 |
From Nov 2021 to Nov 2024
By Dominic Chopping
STOCKHOLM--Electrolux AB said Wednesday that it will now use more sustainable fuels for 25% of its total sea freight as it works toward halving its transport emissions by 2025.
By partnering with shipping companies A.P. Moeller-Maersk AS and CMA CGM to use biofuel based on waste oils and liquefied natural gas, Electrolux said it will reduce its sea-transport greenhouse-gas emissions by 15% in 2022.
The agreement with Maersk involves using a second-generation biofuel that is a blend of used cooking oil and standard fuel which generates 88% less greenhouse gas emissions than bunker fuel and is certified as a sustainable fuel by the International Sustainability & Carbon Certification body, it said.
The agreement with CMA CGM will use a solution based on liquefied natural gas and guarantee of origin biomethane, reducing greenhouse gas emissions by 25% compared with bunker fuel, Electrolux said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 23, 2022 07:13 ET (11:13 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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