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Ports & Logistics

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

Humber a huge focus for leading º£½ÇÊÓÆµ 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 £2 billion plan to clean up its operations by 2040 while helping the º£½ÇÊÓÆµ energy transition with major infrastructure projects.

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

Read more: Largest vessel ever welcomed to the Humber moors

The proposal also maps out the building of greater partnership and collaboration to meet the challenges and “grasp the generational opportunities of sustainability”.

Henrik Pedersen, ABP’s chief executive, said: “Climate 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.

“ABP 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.”

The document comes with a call for Government to play a vital enabling role too with the need to “develop 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” highlighted.