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ELUXY AB Electrolux (PK)

17.77
0.19 (1.08%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  0.19 1.08% 17.77 17.42 18.05 17.77 17.745 17.745 5,201 21:03:04

Electrolux Signs Sustainable Fuel Deals to Cut Sea Freight Emissions

23/03/2022 11:28am

Dow Jones News


AB Electrolux (PK) (USOTC:ELUXY)
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From Jul 2021 to Jul 2024

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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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