REDUCTION AND TRACKING
LEADING THE WAY TO A SUSTAINABLE FUTURE
EPS’ fleet is fully compliant with the IMO 2020 sulphur cap regulation. EPS, and the industry, is now focused on IMO 2030 and IMO 2050 which mandates a 40% and 50% reduction in Green House Gas (GHG) emissions. While these regulations are 10 and 30 years away, there are options available today, specifically, alternate marine fuels, that will significantly reduce GHG emissions. EPS intends to drive the agenda for decarbonisation and the preservation of the environment by using Liquefied Natural Gas as a marine fuel to reduce sulphur oxide, nitrogen oxide and CO2 emissions while eliminating particulate matter discharge.
Based on extensive research, EPS believes that a very effective and practical way to lower emissions today is by using Liquefied Natural Gas (LNG) as a marine fuel. Over the next few years, EPS will add LNG Dual Fuel vessels across various segments creating a future-proof fleet that will comply with IMO regulations and significantly reduce emissions until even cleaner energy sources are available.
With a fleet of over 14 million deadweight-tonnes across various segments, it is critical that we are able to quantify the environmental impact of our CO2 emissions. These metrics allow us to benchmark our performance against ourselves and the industry. Our findings will be available to our peers so they too can benchmark their fleet efficiency, thus allowing the industry to collectively find best practices that reduce CO2 emissions well ahead of IMO 2030 and 2050.