Aqaba Launches New Plan to Reach Net-Zero Emissions by 2040
Aqaba Container Terminal (ACT), the sustainable gateway to the Levant region and beyond, announces the launch of its comprehensive decarbonization strategy aimed at reducing its carbon footprint to net zero by 2040.
Between 2020 and 2030, the terminal aims to reduce its total emissions by 70%. The initiatives are supported by a high-level CAPEX investment plan that will devote more than $50 million over 20 years toward decarbonization projects.
The initiatives will comprehend multiple sectors: $2 million will go toward energy optimization; $29 million will be allocated to the green premium on electrified equipment, $12 million will be earmarked for civil works; and $8 million will be invested in the expansion of on-site solar installations.
ACT CEO Soren Jensen commented on the announcement, saying: "ACT's transition to a low-carbon economy in Jordan requires a broad-based collective effort from all industries.
"At ACT, we are committed to doing our part and creating a clear path forward for Jordan’s logistics and transportation industry to embrace a carbon-neutral future".
By being ahead of the curve, ACT can substantially improve its competitiveness on both a regional and global scale.
ACT sees decarbonization as a commitment not only to its customers but to society at large. Reducing carbon emissions will not only support Jordan’s 2030 Vision but will also support a transition towards a greener market economy and the creation of new job opportunities.