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Cargill Launches Gobal CO2 Challenge

Program will help decarbonize the shipping sector

Cargill is launching the CO2 Challenge which aims to find and scale new technologies capable of reducing a ship's gross CO2 emissions by 10%.

The initiative, focused on decarbonizing the shipping sector, is being launched in partnership with DNV GL, the global quality assurance and risk management company, and Rainmaking, a company which specializes in start-up accelerators, co-working projects and innovation partnerships.

All businesses and entrepreneurs who have a product in need of commercial assessment, testing, investment and scaling can apply to participate in the CO2 Challenge immediately, with an application deadline of September 17, 2018.

"The CO2 Challenge is the start of an exciting journey," says said Jan Dieleman, president of Cargill's ocean transportation business. "By taking this innovative approach, we hope to uncover new technologies, new ideas and new ways of working to help our industry meet the challenge of decarbonization and reduce its impact on global warming. Applicants have a unique opportunity to see their product make it onto a vessel and, hopefully, into wider commercial production."

In its 2017 corporate responsibility report, Cargill affirmed its commitment to improving the sustainability of its global dry bulk shipping operations and help lead the maritime industry to a sustainable future. Cargill aims to reduce its CO2 per cargo-ton-mile by 15% by the end of 2020.

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