PSP Energy Berhad (“PSP Energy” or the “Company”), an established provider of commercial fuel, bunkering and lubricants solutions in Malaysia, today formalised its participation in the Shell Carbon Compensation Programme (“CCP”) 2026 at a signing ceremony held at Menara Shell.
The collaboration underscores PSP Energy’s commitment to supporting more sustainable operating practices by addressing unavoidable carbon emissions associated with fuel usage in its business operations.
Through Shell Commercial Fuels’ Carbon Compensation Programme, participating customers may opt to compensate the lifecycle carbon emissions associated with their fuel consumption, with Shell calculating the emissions and purchasing and retiring carbon credits from its global portfolio of nature-based projects. Shell also issues a retirement certificate as proof of compensation.
For PSP Energy, the signing reflects a practical step in aligning operational needs with broader environmental responsibility, particularly in sectors where diesel remains commercially necessary and difficult to fully replace in the near term.
PSP Energy noted that the collaboration is in line with its ongoing efforts to integrate sustainability considerations into its business. This follows the company’s earlier participation in Shell’s programme, under which PSP Energy received a carbon credits retirement certificate in January 2024 confirming that 729 carbon credits had been retired by Shell against their global portfolio of carbon compensation projects to compensate for emissions associated with Shell products purchased by PSP Energy in 2023.
Mr. Ong Chee Seng, Group Managing Director of PSP Energy Berhad, stated that the signing represents a significant milestone in the Company’s ongoing sustainability journey.
As an organisation operating within essential fuel and marine-related sectors, PSP Energy acknowledges that decarbonisation is a gradual process requiring practical and scalable solutions. Participation in Shell’s Carbon Compensation Programme enables the Company to take a measured and responsible approach in addressing unavoidable emissions, while maintaining operational efficiency and continuing to meet customer needs.
Shell Commercial Fuels’ Carbon Compensation Programme refers to the solution by Shell Commercial Fuels in driving positive change in the energy system. In areas of your business where carbon emissions are currently unavoidable, it provide a fit-for-purpose solution to compensate for those emissions.
The company views such collaborations as increasingly pertinent amid growing demand across transportation, marine, industrial, logistics, construction and mining sectors for viable decarbonisation pathways that do not disrupt operational continuity.
Through strategic partnerships with established industry players and participation in credible carbon compensation frameworks, PSP Energy aims to support the development of a more sustainable and resilient energy value chain.
For more information, visit https://www.psp-group.com.my/
