QTerminals Works Towards Sustainability for Future Acquisitions; Aims Drastically Emissions Cut

QTerminals is working towards sustainability for all its future acquisitions, as it aims to broaden the footprint in the strategic global markets, while it expects to achieve a 45.7% reduction in Scope 1 and 2 emissions and 25% in Scope 3 emissions by 2030.

The terminal operating entity jointly established by Mwani Qatar (51%) and Milaha (49%) will focus on enhancing its services to meet the diverse needs of global shipping lines and logistics partners. These, along with other strategic priorities, were discussed in its recently released Sustainability Report 2024.

"With a strong foundation in the Middle East and Europe, QTerminals aims to broaden its footprint in strategic global markets," the updated report said.

Building on its existing assets, the company would continue to explore growth opportunities that align with its operational strengths, financial capacity and commitment to sustainable practices, it said.

"QTerminals is working towards sustainability for all future acquisitions, ensuring that new assets adhere to the company ESG (environment, social and governance) values," the report said.

The company had embarked on an international expansion with acquisitions that positioned QTerminals in the Eastern Mediterranean and Europe, enhancing its connectivity and service range. These milestones underscore its dedication to expanding its footprint, supporting Qatar's economic diversification and strengthening global trade connections, it said.

QTerminals had acquired Turkiye's Antalya Port in 2020, which gained it strategic entry point into Eastern Mediterranean, positioning it as a critical hub for trade among Asia, Europe and the Middle East.

In 2021, it had taken over Ukraine's Olvia Port, which is strategically positioned with access to the Black Sea via the Bug-Dnieper Liman Canal. Two years later, QTerminals acquired Netherlands-based Kramer Rotterdam, which allows it to access an extensive European market.

Stressing that sustainability standards are applied across newly acquired assets to align operations with its ESG values; it said the acquisition of Kramer is a leader in the use of green technologies, including green fuels and energy-efficient cranes, which significantly reduce its carbon footprint.

By integrating these sustainable practices, QTerminals sets new benchmarks for environmental stewardship across our global operations, the sustainability report said.

"Looking to the future, we recognise that addressing the impact of climate change and fostering a fair and inclusive workplace requires collective efforts...Guided by a vision to make a positive impact beyond our port boundaries, we aims to ensure that our growth contributes to a more resilient and sustainable world," Marco Neelsen, Group chief executive officer, QTerminals, said in the report.

As QTerminals continue to grow, the report said it will leverage its operational excellence, financial resilience and industry expertise to adapt to changing market dynamics.

"Through a balanced approach to expansion and sustainability, QTerminals aims to reinforce its reputation as a forward thinking port operator that contributes positively to the global supply chain and support Qatar's vision of a diversified and sustainable economy," it said.

On environmental dimension, QTerminals is significantly reducing its carbon footprint, setting a target validated by the Science Based Targets initiative (SBTi), which aligns with Qatar's National Environment and Climate Change Strategy.

By promoting energy-efficient infrastructure, electrified machinery and renewable energy investments, QTerminals actively contributes to Qatar's transition to a low-carbon economy and upholds the nation’s commitment to the Paris Agreement, the report said.

"Climate change is going to play an important role in the way we do business in the next few years to come," Japhet Lazarus Simon, Sustainability Director, QTerminals, said in the report.