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AkzoNobel’s landmark carbon credits methodology for the shipping industry has won the Best Offsetting Project award in the 2015 Voluntary Carbon Market Rankings.
Based on nominations from leading stakeholders within the voluntary carbon markets, the prominent award recognises the efforts of AkzoNobel and development partners The FReMCo Group and The Gold Standard Foundation.
The first of its kind within the shipping industry, the carbon credits methodology is based on ship owners converting existing vessels from a biocidal antifouling system to a premium, biocide-free advanced hull coating, such as AkzoNobel’s Intersleek, part of the company’s International range of marine coatings.
Intersleek coatings are proven to increase a vessel’s operating efficiency and reduce CO2 and associated emissions by an average of 9%. Carbon credits are awarded, based on the
reduction in emissions, which can then be sold on the carbon markets.