The South Korean GS Caltex makes its first carbon neutral crude oil purchase frrom Lundin Energy.
The Swedish company Lundin Energy has said that all the oil pumped from the Johan Sverdrup field will be certified as carbon neutrally produced under Intertek Group plc’s (Intertek) CarbonZeroTM standard.
The President and CEO of Lundin Energy, Nick Walker, said:
“Since we sold our first cargo of certified, carbon neutrally produced oil from Edvard Grieg earlier this year, we have seen significant interest in the market for this clearly differentiated product.
With the certification of our Johan Sverdrup barrels as CarbonZero, we now have a significant volume of crude being traded as carbon neutrally produced, which I believe will drive significant value for Lundin Energy.
As the energy transition continues to accelerate, providing certified, zero emission produced barrels to our customers ensures that they can continue the decarbonisation pathway, delivering a differentiated product to their end users. From 2025, every barrel delivered by Lundin Energy, will be carbon neutrally produced.”
The President and CEO of GS Caltex, Saehong Hur, said:
“We are very proud to purchase the first Johan Sverdrup cargo certified as carbon neutrally produced.
At GS Caltex, we are striving to reduce our carbon footprint as part of our commitment to good environmental, social and governance practices.
In line with our efforts to expand environmentally-friendly activities, the purchase of Lundin Energy’s certified carbon neutrally produced crude oil is another meaningful step on our path toward a more sustainable and green economy.
GS Caltex would like to work together with Lundin Energy further in the future.”
