<article><p class="lead">Japanese trading house Marubeni and UK chemicals shipping company Navigator have used carbon credits for a transatlanic ethylene shipment that departed on 6 July amid the global trend towards carbon neutrality.</p><p>The carbon credit covers the voyage of the 21,020m³ ethylene carrier <i>Navigator Triton</i>, which is using low-sulphur fuel oil, from the US' Texas to Antwerp in Belgium. Marubeni and Navigator obtained the credits by investing in an environmental preservation project in Cambodia.</p><p>Marubeni <a href="https://direct.argusmedia.com/newsandanalysis/article/2047419">began shipping US ethylene</a> from January last year, with the launch of the Enterprise Navigator ethylene terminal. This is a 50:50 partnership between US oil and gas company Enterprise Products Partners and Navigator.</p><p>Marubeni has accelerated its efforts towards decarbonisation. It plans a <a href="https://direct.argusmedia.com/newsandanalysis/article/2194437">complete withdrawal</a> from any coal-fired power development project by 2050. Marubeni is promoting green hydrogen and ammonia produced using renewable energy without any emissions by signing an agreement with Australian independent <a href="https://direct.argusmedia.com/newsandanalysis/article/2216781">Woodside Petroleum</a>, which will study the production and export of ammonia produced from hydropower in Australia's Tasmania state.</p><p class="bylines">By Nanami Oki</p></article>
