A leading participant in carbon markets, delivering high quality, socially impactful carbon projects.

Supporting our customers with transitional energy solutions

We have a strong trading presence across all main compliance markets and an extensive portfolio of carbon projects, from clean-burning renewable household fuels in Kenya to sustainable farming and rangeland rejuvenation in Southern Africa.

With more than 19 years of experience, we make sizeable investments in low-carbon projects and provide reliable routes to market for high-quality carbon credits. Leveraging Vitol’s global reach and extensive energy knowledge we are able to offer a range of carbon offset and removal solutions.

19 years
Operating across global carbon markets
Carbon credits delivered each year
Offset/removal initiatives supported: target 2030

We are developing high-quality carbon reduction and removal projects across the globe, and are currently financing and supporting initiatives that will offset or remove more than 90mMTCO2e by 2030.

We only pursue projects that have a high social impact and tangible co-benefits for people and the environment.

This means that as well as the climate benefits of avoided emissions, our projects seek to improve the quality of life in the local communities we operate in.

Investing directly in a project is the best way to assure a project’s quality and optimise a project’s design. All of our projects are certified by leading voluntary offset standards ensuring our carbon credits are high-quality.

Our product range includes;

  • EUAs
  • UKAs
  • Voluntary offsets
Portrait of Michael

“Our rigorous approach doesn’t change and is something that we are justifiably proud of…due diligence is key to deciding which projects we get involved with, and ensures that they make a valuable impact.”

Michael Curran, head of carbon & environmental products

Interview with Michael Curran, head of carbon & environmental products

Being part of a nascent market in constant evolution, whether that’s new rules and regulations, new geographies or new customers brings a huge diversity of experience, and the opportunity to meet a wide range of people who I wouldn’t encounter in the traditional commodities space.
If you are going to have an efficient transition, and if you believe in markets, then you need to put a price on what you want to reduce.

But more than that, in order to encourage investment, there needs to be certainty, stability and clarity.

Where this happens, for example in South Africa – and where Vitol is invested in a number of projects for this very reason - you get traction because companies can invest with a clear understanding of the regulations, project structure, value of credits and audit trail. The rest is risk which we’re well versed in managing.

Our rigorous approach doesn’t change, and is something that Vitol is justifiably proud of. Even in this nascent market, due diligence is key to deciding which projects we get involved with, and ensures that they make a valuable impact.
As I alluded to before, price is important for the energy transition, and an increasing number of schemes designed to put a price on carbon are coming on line around the world.

There are already lots of domestic trading pools in countries like Chile or Vietnam that are working well. By adding Article 6 (when it is finalised), or a bilateral agreement, international partners can participate in these helping to strengthen and underpin these markets.

And Article 6 will be an important tipping point for international and project-based carbon trading. More and more countries are putting the infrastructure in place to become net exporters and enable a burgeoning global market. We are hopeful that final agreement on Article 6 will be reached soon.
As well as Article 6 and the burgeoning domestic markets, the recent signalling from the Science Based Targets Initiative (SBTi) that they might accept Verified Carbon Units (VCUs) is incredibly exciting.

It would unleash a lot of capital into projects because of the number of commitments already made, and potentially provide a mechanism for addressing scope 3 emissions which many companies are struggling to abate with certainty. It’s a decision that could be a bit of a game-changer.