Investor Presentaiton
Odfjell at a glance
Odfjell Tankers
Odfjell Terminals
Capital Allocation
Summary
We have implemented a comprehensive Fleet Transition Plan demonstrating how
we will reduce our carbon intensity by 50% by 2030 and carbon neutral by 2050
Historical and projected AER trajectory, indexed
Projected AER trajectory, 2019-2024
120
8,8
100
8,6
8,75
8,4
80
DNV GL
8,56
| 8,18
8,2
60
8,35
|
8,30
8,0
8,20
40
Carbon intensity (AER), Odfjell
7,8
| Bond
I SPT
8,16
20
IMO Trajectory
7,6
0
7,4
2005
2010 2015 2020 2025
2030
2035 2040
2045
2050
2019
2020
2021
2022
2023
I Jun-24 1
2024
2019: 26% reduction
O As per 2019, we have reduced our
intensity-based emissions by 26%
relative to 2008
The reduction is a result of significant
investments in energy saving devices on
existing vessels, as well as a fleet
renewal program that was finalized in
2020
2024: 31% reduction
O No significant changes are expected to
our fleet composition through 2024, partly
due to uncertainty regarding choice of
technology
⚫ We are however committed to further
reduce our carbon intensity in the period
by executing more than 100 investments
in energy saving devices across our
existing fleet
2030: 50% reduction
By 2030, we are committed to reduce
our carbon intensity by 50% relative to
2008
To be achieved through a
combination of retrofitting of existing
vessels, phasing out of old vessels and
inclusion of new and more efficient
vessels
2050: Carbon Neutrality
Odfjell is dedicated to pursuing a zero-
emission strategy and will only order
vessels with zero-emission technology
from 2030
O Odfjell will actively support initiatives
to develop technology and infrastructure
for zero emissions and support
international regulation to drive zero
emisssion for our industry
The Fleet Transition Plan has been verified by DNV GL, who will also conduct an annual assessment as to whether the plan continues to be viable
9View entire presentation