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Maersk Line and petrochemical company Borouge have signed a Carbon Pact to reduce the carbon dioxide (CO2) emissions of their shipments by 15 percent.

In a statement, Ahmed Al Shamsi, Borouge's Senior Vice President - Supply Chain Management, said: "We are pleased to sign this Carbon Pact with Maersk Line, the world's leading container shipping company to further enhance our collaboration in reducing the carbon footprint while transporting our products to customers' destinations across the globe.

"As it reflects our commitment to improve the sustainability performance and strengthen our environmental stewardship, the Carbon Pact helps Borouge to significantly reduce the CO2 emissions from transportation of our products and yet contribute to the growth targets set for our business."

Christian Juul-Nyholm, Managing Director of Maersk Line UAE, Qatar, Oman and Iran, remarked: "Signing the Carbon Pact with Borouge demonstrates the strong commitment of both companies for long-term growth. By pledging to reduce the supply chain emissions for Borouge, Maersk Line is demonstrating our continuing promise to deliver tangible carbon savings for our customers."

Borouge and Maersk Line intend to collaborate in creating transparency on the environmental impact of Borouge's supply chain and reducing Borouge's CO2 emissions from its ocean transportation with Maersk Line by 15 percent from 2016 to 2020.

A key part of the partnership will also be the development of tools and practices of integrating CO2 and other sustainability indicators into the commercial relationship.