Meta teams with NORDEN on book & claim program

In Denmark, NORDEN announced a sustainable maritime fuel agreement with Meta aimed at advancing the decarbonization of the maritime industry. NORDEN’s emissions reduction solution offers a pathway for decarbonization of maritime freight, in an environment with limited geographic biofuels availability. The emissions reduction solution NORDEN follows – known as Book & Claim – works by burning biofuel on a NORDEN operated vessel and the emission reduction being allocated to a third-party customer, in this case Meta, using a book and claim chain of custody system. NORDEN uses theSmart Freight Centre’s Voluntary Market Bases Measure Framework for Logistics Emissions Accounting and Reportingas the basis for transferring the environmental attributes (emission reductions) of biofuels used in our operations to our clients with a high degree of transparency and assurance. The ISCC certified biofuel has 80-90% life cycle emission reduction potential and is a drop-in substitute which can be utilised by existing vessels. The emissions reduction is authenticated by an independent verifier, Normec Verifaviaand transacted on an external registry through 123Carbon.