DP World will increase the value of its Carbon Inset Credits fivefold from 1 October, offering cargo owners a stronger incentive to cut supply chain emissions.
The project will be based at the disused Scatsta Airport, positioning the islands as a significant player in the UK and northern Europe’s clean energy supply chain.
The project is described as a significant advance in the UK’s net-zero transition. The company claims it as a milestone in developing clean fuel for transport and industrial applications.
A Mitsui-led consortium has taken control at the Port of Nigg in the north of Scotland. Local owners Global Energy Group (GEG) have divested key assets in a strategic sale.
China has become the workshop of the world and remains eager to share the fruits of those labours. Rail plays a small but increasingly important role in getting some of those goods to market.