Svitzer signs EcoTow agreement with WW

TUG operator Svitzer has announced the signing of a global EcoTow agreement with the Wallenius Wilhelmsen group, covering tug jobs across key markets such as Australia, the United Kingdom, and Scandinavia.

Svitzer said that by applying the mass balance principle, it can use biofuels across its network and bank the resulting CO₂ savings in its emissions ledger.

These are then allocated to Wallenius Wilhelmsen, allowing the company to reduce emissions related to towage.

“This collaboration demonstrates the importance of partnerships in our decarbonisation efforts. Working with a like-minded partner like Svitzer gives us a reliable path to reduce emissions beyond our direct operations,” said Ove Moring, senior manager supplier contracting & equipment at Wallenius Wilhelmsen.

Sven Muchardt, key customer manager at Svitzer, highlighted the value of the agreement, “We are excited to partner with Wallenius Wilhelmsen on this initiative to help address the shared challenges of decarbonisation”.

“This agreement strengthens our collaboration while supporting both companies’ strategic goals.”

Svitzer said it believes the deal reflects a growing customer demand for voluntary emissions reduction schemes that go beyond regulatory requirements, and also illustrates how its differentiated approach can support customers in accelerating their climate strategies.

“We see EcoTow not only as a solution for today, but as a bridge to more transformative change,” said Svitzer’s head of decarbonisation, Gareth Prowse.

“These agreements show that our customers are ready to act now, not later.”

The agreement is apart of Svitzer’s decarbonisation initiatives, and the tug operator said it supports Wallenius Wilhelmsen’s ambition to reduce Scope 3 emissions across Svitzer’s global operations.

Scope 3 emissions are indirect emissions that occur from the value chain of an company’s activities, and while they are induced into existence by the company’s activities, these emissions are generated by sources that the organisation does not own or control. 

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