Clean fuel producer Titan LNG (Titan) and 123Carbon, the first independent blockchain-based carbon insetting platform for the transport sector, have issued their first liquefied natural gas (LNG)-based carbon insets.
Shippers and freight forwarders will be able to acquire tokens using the 123Carbon platform generated by shipowners’ and operators’ purchase of LNG fuel from Titan.
By employing carbon insetting, carriers are able to share the carbon reductions of their low carbon activities with freight forwarders and shippers across the global value chain, enabling decarbonisation within their own supply chains.
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