{"id":510420,"date":"2021-07-07T10:25:36","date_gmt":"2021-07-07T14:25:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/"},"modified":"2021-07-07T10:25:36","modified_gmt":"2021-07-07T14:25:36","slug":"marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/","title":{"rendered":"Marubeni and Navigator Gas: World&#8217;s First Carbon Neutral Ethylene Voyage"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">LONDON<\/span>, <span class=\"xn-chron\">July 7, 2021<\/span> \/PRNewswire\/ &#8212; Marubeni Corporation (&#8220;<b>Marubeni<\/b>&#8220;) and Navigator Holdings Ltd. (&#8220;<b>Navigator Gas<\/b>&#8220;), the owner and operator of the world&#8217;s largest fleet of handysize liquefied gas carriers, today announce that they will achieve an environmental milestone with the world&#8217;s first carbon neutral ethylene voyage.<\/p>\n<p>Marubeni and Navigator Gas will ensure this voyage is carbon neutral through offsetting the CO<sub>2<\/sub> emissions[1] from the voyage by investing in an environmental project in <span class=\"xn-location\">Cambodia<\/span> designed to reduce emissions from deforestation and forest degradation.<\/p>\n<p>This carbon neutral ethylene voyage will be performed by the NAVIGATOR TRITON, a 21,020 cbm ethylene gas carrier, which departed from <span class=\"xn-location\">Morgan&#8217;s<\/span><span class=\"xn-location\">Point<\/span>, <span class=\"xn-location\">Houston, Texas<\/span>, U.S. on <span class=\"xn-chron\">July 6<\/span><sup>th<\/sup>, 2021 and is set to transport its cargo across the Atlantic to <span class=\"xn-location\">Antwerp, Belgium<\/span>.<\/p>\n<p>Marubeni maintains one of the largest ethylene trading volumes in the world by providing physical adjustment function. Due to the increasing customer requirements for low carbon and carbon neutral solutions, Marubeni intends to further develop this service for its customers.<\/p>\n<p>&#8220;<span class=\"xn-location\">Carbon<\/span> reduction is a key strategic objective for Navigator Gas as we seek to deliver our mission of connecting the world today whilst creating a sustainable tomorrow,&#8221; said <b><span class=\"xn-person\">Oeyvind Lindeman<\/span>, Chief Commercial Officer at Navigator Gas<\/b>. &#8220;We are proud to partner with Marubeni and look forward to enabling further carbon neutral voyages, a first in the ethylene shipping industry, and continue to promote and develop with the energy transition for our business and stakeholders.<\/p>\n<p>&#8220;We are happy to achieve\u00a0the\u00a0first ever carbon neutral ethylene voyage together with Navigator Gas. We wish to take on the challenge of finding further areas for carbon reduction to meet new\u00a0customer needs and expectations&#8221; said <b>Satoru Ichinokawa, Executive Officer, Marubeni Corporation.<\/b><\/p>\n<p>\n        <b>About Marubeni Corporation<\/b>\n      <\/p>\n<p>Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within <span class=\"xn-location\">Japan<\/span> and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, ICT &amp; real estate business, forest products, food, agri business, chemicals, energy, metals &amp; mineral resources, power business, infrastructure project, aerospace &amp; ship, finance &amp; leasing business, construction, industrial machinery &amp; mobility, and next generation business development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.<\/p>\n<p>\n        <b>About Navigator Holdings Ltd. <\/b>(NYSE: NVGS)<\/p>\n<p>Navigator Holdings Ltd. is the owner and operator of the world&#8217;s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, including ethylene, ethane, liquefied petroleum gas and ammonia. Navigator Gas owns a 50% share, through a joint venture, in an ethylene export marine terminal at <span class=\"xn-location\">Morgan&#8217;s<\/span><span class=\"xn-location\">Point, Texas<\/span>, on the Houston Ship Channel, <span class=\"xn-location\">U.S.A.<\/span> Our fleet consists of 38 semi- or fully-refrigerated liquefied gas carriers, 14 of which are ethylene and ethane capable.\u00a0Navigator Gas plays a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with its sophisticated vessels providing an efficient and reliable &#8216;floating pipeline&#8217; between the parties, connecting the world today, creating a sustainable tomorrow. Find out more at <a href=\"https:\/\/www.navigatorgas.com\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.navigatorgas.com<\/a>.<\/p>\n<p>Reference:<br \/>Press Release Dated <span class=\"xn-chron\">March 9, 2021<\/span><br \/>The Marubeni Long-Term Vision on Climate Change: Towards Net-Zero GHG Emissions<br \/><u><a href=\"https:\/\/www.marubeni.com\/en\/news\/2021\/release\/00022.html\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.marubeni.com\/en\/news\/2021\/release\/00022.html<\/a><\/u><\/p>\n<p>For further information<br \/>Marubeni<br \/>Media Relations Section, Corporate Communications Department<br \/><span class=\"xn-person\">Takeru Nonaka<\/span>, <a href=\"mailto:Nonaka-Takeru@marubeni.com\" target=\"_blank\" rel=\"nofollow noopener\">Nonaka-Takeru@marubeni.com<\/a>, +81 3 3282 7322<\/p>\n<p>Navigator Gas<br \/>Investor Relations Department \u2013 <a href=\"mailto:investorrelations@navigatorgas.com\" target=\"_blank\" rel=\"nofollow noopener\">investorrelations@navigatorgas.com<\/a>\u00a0<br \/><span class=\"xn-person\">Oeyvind Lindeman<\/span>, Chief Commercial Officer, +44 20 7340 4850<br \/><span class=\"xn-person\">Alex Walster<\/span>, Risk, Compliance and CSR Manager, +44 20 7045 4114<\/p>\n<p>[1]\u00a0CO<sub>2 <\/sub>emissions are calculated using IMO-approved conversion factors based on fuel consumption data for the NAVIGATOR TRITON, provided by Navigator Gas.<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN35157&amp;sd=2021-07-07\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage-301327036.html\">https:\/\/www.prnewswire.com\/news-releases\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage-301327036.html<\/a><\/p>\n<p>SOURCE  Navigator Gas<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN35157&amp;Transmission_Id=202107071022PR_NEWS_USPR_____LN35157&amp;DateId=20210707\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire LONDON, July 7, 2021 \/PRNewswire\/ &#8212; Marubeni Corporation (&#8220;Marubeni&#8220;) and Navigator Holdings Ltd. (&#8220;Navigator Gas&#8220;), the owner and operator of the world&#8217;s largest fleet of handysize liquefied gas carriers, today announce that they will achieve an environmental milestone with the world&#8217;s first carbon neutral ethylene voyage. Marubeni and Navigator Gas will ensure this voyage is carbon neutral through offsetting the CO2 emissions[1] from the voyage by investing in an environmental project in Cambodia designed to reduce emissions from deforestation and forest degradation. This carbon neutral ethylene voyage will be performed by the NAVIGATOR TRITON, a 21,020 cbm ethylene gas carrier, which departed from Morgan&#8217;sPoint, Houston, Texas, U.S. on July 6th, 2021 and is set to transport its cargo &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Marubeni and Navigator Gas: World&#8217;s First Carbon Neutral Ethylene Voyage&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510420","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Marubeni and Navigator Gas: World&#039;s First Carbon Neutral Ethylene Voyage - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marubeni and Navigator Gas: World&#039;s First Carbon Neutral Ethylene Voyage - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LONDON, July 7, 2021 \/PRNewswire\/ &#8212; Marubeni Corporation (&#8220;Marubeni&#8220;) and Navigator Holdings Ltd. (&#8220;Navigator Gas&#8220;), the owner and operator of the world&#8217;s largest fleet of handysize liquefied gas carriers, today announce that they will achieve an environmental milestone with the world&#8217;s first carbon neutral ethylene voyage. Marubeni and Navigator Gas will ensure this voyage is carbon neutral through offsetting the CO2 emissions[1] from the voyage by investing in an environmental project in Cambodia designed to reduce emissions from deforestation and forest degradation. This carbon neutral ethylene voyage will be performed by the NAVIGATOR TRITON, a 21,020 cbm ethylene gas carrier, which departed from Morgan&#8217;sPoint, Houston, Texas, U.S. on July 6th, 2021 and is set to transport its cargo &hellip; Continue reading &quot;Marubeni and Navigator Gas: World&#8217;s First Carbon Neutral Ethylene Voyage&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T14:25:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN35157&amp;sd=2021-07-07\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Marubeni and Navigator Gas: World&#8217;s First Carbon Neutral Ethylene Voyage\",\"datePublished\":\"2021-07-07T14:25:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\\\/\"},\"wordCount\":634,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LN35157&amp;sd=2021-07-07\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\\\/\",\"name\":\"Marubeni and Navigator Gas: World's First Carbon Neutral Ethylene Voyage - 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(&#8220;Navigator Gas&#8220;), the owner and operator of the world&#8217;s largest fleet of handysize liquefied gas carriers, today announce that they will achieve an environmental milestone with the world&#8217;s first carbon neutral ethylene voyage. Marubeni and Navigator Gas will ensure this voyage is carbon neutral through offsetting the CO2 emissions[1] from the voyage by investing in an environmental project in Cambodia designed to reduce emissions from deforestation and forest degradation. This carbon neutral ethylene voyage will be performed by the NAVIGATOR TRITON, a 21,020 cbm ethylene gas carrier, which departed from Morgan&#8217;sPoint, Houston, Texas, U.S. on July 6th, 2021 and is set to transport its cargo &hellip; Continue reading \"Marubeni and Navigator Gas: World&#8217;s First Carbon Neutral Ethylene Voyage\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-07T14:25:36+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN35157&amp;sd=2021-07-07","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Marubeni and Navigator Gas: World&#8217;s First Carbon Neutral Ethylene Voyage","datePublished":"2021-07-07T14:25:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/"},"wordCount":634,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN35157&amp;sd=2021-07-07","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/marubeni-and-navigator-gas-worlds-first-carbon-neutral-ethylene-voyage\/","name":"Marubeni and Navigator Gas: World's First Carbon Neutral Ethylene Voyage - 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