AkzoNobel announces first issue of carbon credits from Intersleek technology

AkzoNobel has announced the issue of more than 126,000 carbon credits worth more than US$500,000 – the first to be awarded under the company’s landmark scheme for the shipping industry – which was developed in conjunction with the Gold Standard Foundation and the Fremco Group.
Launched in 2014, the award-winning programme rewards ship owners who convert existing vessels from a biocidal antifouling to a premium, biocide-free advanced hull coating, such as AkzoNobel’s Intersleek –part of its International® brand – which is proven to reduce fuel consumption and CO₂ emissions.
On average, each of the 16 vessels included in the first issue achieved savings of just in excess of 1250t of fuel and 4000t of CO_2/yr, resulting in the award of 126,785 credits by the Gold Standard Foundation. That number is expected to increase as more vessels continue to enrol in the scheme.
"This is a tremendous moment both for AkzoNobel and the customers involved," said Oscar Wezenbeek, Managing Director of AkzoNobel’s Marine Coatings business. "With the carbon credits programme, we are demonstrating leadership and innovation in driving sustainability."