ABP outlines 拢2b investment as it eyes Net Zero by 2040 in new sustainability strategy

Humber a huge focus for leading 海角视频 port operator

Henrik Pedersen, chief executive of ABP, has launched Ready for Tomorrow, the port giant's sustainability strategy, with a 2040 decarbonisation target.

Port giant ABP has launched a 拢2 billion plan to clean up its operations by 2040 while helping the 海角视频 energy transition with major infrastructure projects.

is a wide-ranging sustainability strategy, and includes a commitment to decarbonise huge quayside handling operations with a 拢600 million pot to cover vessels, cranes and equipment, with a further 拢1.4 billion to support customers.

Much of the development is centred around the Humber, with five of six highlighted green energy infrastructure projects underlining the capability and opportunity in the estuary. Green Port Hull, Immingham Renewable Fuels Terminal, Grimsby offshore wind operations and maintenance hub, Immingham Green Energy Terminal and Viking carbon capture and storage are all set out, all key pillars in the transition to Net Zero.

The proposal also maps out the building of greater partnership and collaboration to meet the challenges and 鈥済rasp the generational opportunities of sustainability鈥�.

Henrik Pedersen, ABP鈥檚 chief executive, said: 鈥淐limate change is an era-defining challenge, but it is also an opportunity to scale innovative new industries to leave an optimistic legacy for generations to come.

鈥淎BP is ready for tomorrow. We are committed to working together with industry partners and authorities to turn this generational crisis into a generational opportunity: to create a decarbonised, dramatically more sustainable future and deliver the significant investment, economic growth and thousands of new, good jobs that should come with it.鈥�

The document comes with a call for Government to play a vital enabling role too with the need to 鈥渄evelop a supportive, collaborative and consistent policy environment, to progress approvals and consents in a timely manner and to, on occasion, deploy pump priming or bridging support in cases of market failure鈥� highlighted.

The new Immingham Green Energy Terminal jetty with the proposed production sites back landside beyond. (Image: ABP)

Maritime Minister Baroness Vere has welcomed the strategy. She said: 鈥淭he 海角视频 is a pioneer in cutting-edge clean maritime solutions, with hundreds of millions of pounds of government funding being invested in developing greener, cleaner vessels and infrastructure.

鈥淗owever, it鈥檚 vital that industry also invests in our future, and I鈥檓 therefore very pleased to see Associated British Ports doing just that, ensuring we鈥檙e 鈥楻eady for Tomorrow鈥� and injecting billions into decarbonising our maritime sector.鈥�

Zero emissions, air quality, biodiversity, waste and water management are all to be addressed internally, as five focus areas, and it comes on the back of a 海角视频 first hydrogen trial for port plant equipment. Massive solar installations have also been incorporated on the Humber, with electrified craneage and others using green fuels.

Major steps are also being taken towards port-centric hydrogen supply.

The company said it will continue to develop its leading offshore wind manufacturing and support hubs in the Humber and East Anglia, as well as more than doubling its own green power generation.

Nick Molho, executive director of the Aldersgate Group, a sustainable business organisation whose members have a cumulative turnover of around 拢600 billion, said: 鈥淭he launch of ABP鈥檚 sustainability strategy marks an important moment in the 海角视频 economy鈥檚 transition to net zero emissions. Decarbonising ports is not only important in itself, but it is also essential to support the decarbonisation of other key parts of the economy such as energy generation, shipping and heavy industries like steel.

鈥淏y taking proactive steps to cut emissions in a part of the economy that is complex to decarbonise, ABP is demonstrating true leadership and showing that the business community is ready to lead the 海角视频 economy to net zero. The Government must respond by showing equivalent leadership in the coming months through strengthening the 海角视频鈥檚 net zero strategy.鈥�

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