The Stolt Tankers Joint Service (STJS) Pool, together with its partners will donate US$110,000 to three environmental projects focused on carbon capture and storage, promoting biodiversity and developing marine ecosystems.
Stolt is one of the world’s largest fleets of tankers to carry bulk-liquid chemicals, edible oils, acids and petroleum products with a net profit of nearly $300 million in 2023. Partners involved with the donation include Japanese shipping line NYK; CMB Tech, which designs and converts port and industrial applications to run on hydrogen; Tufton and Farvatn, investment companies focused on shipping and ocean verticals.
Stolt-Nielsen set up Project UGAT (Upsurging Greenery Amidst Tide) in the Philippines in 2021 to increase mangrove cover and improve habitat quality in targeted areas of Iloilo and Guimaras.
Kelp Forest Foundation is a young Netherlands-based organisation focused on improving kelp and ocean health globally through research and education. The donation will support its current projects in Namibia and New Zealand.
STJS and it partners have also chosen to support MSS Research Foundation’s Integrated Multi Trophic Aquaculture project to foster seaweed generation along the Indian coastline. The India-based non-profit research foundation aims to accelerate the use of modern science and technology to support environmentally friendly agricultural and rural development to improve the lives and livelihoods of communities.
“Our support for these projects aligns with Stolt Tanker’s own sustainable initiatives, our commitment to UN Sustainable Development Goal 14 – Life Below Water, and our ambitions to reduce our carbon intensity by 50% (compared to 2008 levels) by 2030 and be carbon neutral by 2050,” said Stolt Tankers’ President Maren Schroeder.
In 2022 and 2023, STJS and its partners donated a total of $200,000 to Coastruction and One Tree Planted, projects working towards the regeneration of coral reefs and global reforestation, respectively.
