Biofuel Initiative: HMM and IKEA Team Up to Drive Green Shipping

by Admin
HMM and IKEA Biofuel Partnership

HMM and IKEA Supply Chain Operations have joined hands in a landmark agreement aimed at leveraging HMM’s ‘Green Sailing Service’, a cutting-edge low-carbon ocean transport solution. The primary objective of this collaboration is to shrink their environmental footprint and play a significant role in the global initiative towards the decarbonization of ocean transportation.

At the heart of this strategic partnership lies a concerted effort to substantially slash carbon dioxide equivalent (CO2e) emissions. This ambitious goal will be achieved by replacing conventional fossil fuels with environmentally responsible, waste-based biofuels for transporting IKEA products across the ocean.

The biofuels chosen for this endeavor are meticulously sourced and ISCC-certified, derived exclusively from waste-based biomass. HMM is committed to deploying these sustainable biofuels for its FIM service, which serves as a crucial link between the Far East, India, and the Mediterranean.

One of the most significant highlights of this agreement is the projected reduction of approximately 11,500 tonnes of CO2e emissions. This reduction is expected to be realized from March 1, 2024, to February 28, 2025, through the extensive use of biofuels for all ocean cargo shipments between IKEA and HMM. Remarkably, the emissions saved through this green partnership are equivalent to the carbon footprint of transporting 14,534 TEU worth of Zero Emission Cargo from Asia (specifically Busan) to Europe (Rotterdam).

IKEA, a global leader in sustainable practices, has set ambitious targets for itself. The company aims to slash relative greenhouse gas (GHG) emissions from their product transportation by a staggering 70% by the year 2030. Furthermore, IKEA is steadfast in its commitment to becoming a zero-emission cargo owner by the year 2040.

HMM, with its pioneering ‘Green Sailing Service’ launched earlier this year, is keen on expanding the scope of its sustainable offerings through collaborative efforts.

An official from HMM expressed the company’s firm commitment, stating, “We will continue to explore avenues that prioritize sustainable development, thereby propelling us closer to our goal of carbon neutrality.”

About HMM

HMM stands as a global integrated logistics and shipping company committed to upholding customer values. The company prides itself on offering bespoke services catering to various cargoes, including container cargo (dry, reefer, and special cargo) as well as bulk cargo encompassing raw materials, oil, and plants. With a fleet comprising over a hundred diverse vessels, ranging from small ships to mega containerships and VLCCs,

HMM ensures seamless shipping services across the globe. Leveraging a comprehensive global seaway network that interconnects logistics facilities worldwide, HMM remains steadfast in its mission to deliver stability and reliability in shipping services at any time and in any location. Furthermore, the company’s team of shipping and logistics experts constantly strives to devise optimized solutions grounded in extensive maritime transportation experience and precise market analysis.

Recognizing the shipping industry’s profound impact on the marine environment, HMM wholeheartedly embraces its responsibility to protect and preserve the ocean ecosystem. As a proactive participant in ocean environmental protection and combating global climate change, HMM has committed to achieving ‘Carbon Neutrality by 2050’. To realize this vision, the company has outlined concrete measures aimed at reducing greenhouse gas emissions across its operations.

Drawing upon past achievements and charting a course for the future, HMM remains resolute in its dedication to investing in cutting-edge technologies and facilities. Through a systematic approach, HMM aims to mitigate its impact on the marine environment, setting a benchmark for sustainability within the shipping industry.

Source HMM