General – Biofuel
As one of the first companies in the power cable industry, NKT has certified its cable-laying vessel NKT Victoria to be able to operate on HVO.
The certification allows NKT to reduce the carbon footprint from the vessels fuel consumption with more than 98%* as a significant contribution to the company’s decarbonization journey.
“With the biofuel certification of NKT Victoria, we once again show our sustainability commitment as a leading company in the industry. This will lead to significant reductions in the carbon emission from our offshore operations and is a key element in our reaching science-based decarbonization targets. Operating on biofuel also allows us to continue to meet our customer’s increasing expectations for low-carbon operations,” says Claes Westerlind, President and CEO of NKT.
In September 2023, the Science Based Target initiative (SBTi) validated NKT’s short-term decarbonization targets. The HVO certification of NKT Victoria is an important step towards achieving the SBTi-approved target of reducing scope 1 and 2 by 90% in 2030 compared to 2019.
Biofuel is a diesel-like fuel that is made from renewable waste without the use of fossil resources.
The biofuel certification of NKT Victoria was conducted by DNV.