Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. RWE AG
  6. News
  7. Summary
    RWE   DE0007037129


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

RWE : delivers LNG cargo on a carbon-neutral basis to Korean steel company POSCO

03/29/2021 | 01:08am EDT

Through close co-operation RWE has arranged the delivery of a carbon offset cargo for its customer POSCO end of March. The Korean POSCO Group is one of the world's leading steel producers. The cargo was delivered to the Gwangyang Terminal, South Korea. Under the agreement between RWE and POSCO, carbon emissions associated with the LNG cargo from wellhead to delivery, including exploration, production and transport, have been offset. This is achieved through the retirement of a corresponding amount of carbon credits, so called Verified Emissions Reductions (VER) certificates. High quality carbon credits have been sourced and independently certified under the internationally recognised Gold Standard, which adheres to strict environmental and social principles, and will be retired in order to compensate for the associated CO2 emissions of producing and delivering the cargo to Korea. The carbon emission intensity of the cargo delivery was estimated using the Wood Mackenzie LNG Emissions Tool. RWE is now able to provide all its customers with the opportunity to offset carbon emissions related to LNG deliveries through the use of emission reduction certificates.

Ji-Won Suh, Senior Vice President at POSCO, says: 'We acknowledge that tackling climate change is not a matter for the future but rather a pressing issue that requires immediate action to create a better world. As one of the biggest steelmakers, we aspire to fulfil our responsibility to reduce our carbon footprint. Therefore, we would like to express our sincere gratitude to RWE for supplying our first carbon-neutral LNG which represents much to our business based on our strong partnership. We will also seek opportunities to collaborate with all our stakeholders to build a net-zero society worldwide.'

Javier Moret, Global Head of LNG at RWE Supply & Trading, is also convinced: 'We believe offsetting of emissions can play an important role in fighting climate change during the transition to a carbon-free economy. Therefore, we are very pleased to have partnered together with our customer POSCO to deliver to them an LNG cargo with carbon offsets for their domestic market. Furthermore, we are delighted to be able to provide our customers with solutions for reducing their carbon intensity on a more regular basis in the future.'


RWE AG published this content on 29 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2021 05:07:08 UTC.

© Publicnow 2021
All news about RWE AG
06/18MARKET CHATTER : TotalEnergies, Enel, RWE Eye $949 Million Wind Farm Portfolio I..
06/15RWE  : Success for RWE in German onshore wind auction
06/15RWE AKTIENGESELLSCHAFT : Release according to Article 40, Section 1 of the WpHG ..
06/13RWE  : Germany, Australia sign hydrogen accord to boost lower-emissions technolo..
06/13UNIPER  : Germany prepares to set up hydrogen accord with Australia
06/11MAGNORA  : Raises Stake In Wind Farm Project With RWE
06/11RWE  : begins construction of its offshore wind farm Sofia on Dogger Bank
06/10DGAP-PVR : RWE Aktiengesellschaft: Release -4-
06/10DGAP-PVR : RWE Aktiengesellschaft: Release -3-
06/10DGAP-PVR : RWE Aktiengesellschaft: Release -2-
More news
Sales 2021 15 256 M 18 167 M 18 167 M
Net income 2021 1 038 M 1 237 M 1 237 M
Net Debt 2021 2 868 M 3 415 M 3 415 M
P/E ratio 2021 17,4x
Yield 2021 2,98%
Capitalization 20 469 M 24 385 M 24 374 M
EV / Sales 2021 1,53x
EV / Sales 2022 1,57x
Nbr of Employees 19 244
Free-Float 92,0%
Chart RWE AG
Duration : Period :
RWE AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RWE AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 25
Average target price 40,06 €
Last Close Price 30,27 €
Spread / Highest target 68,5%
Spread / Average Target 32,4%
Spread / Lowest Target -7,50%
EPS Revisions
Managers and Directors
Markus Krebber Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Frank Bsirske Deputy Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Wolfgang Schüssel Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
RWE AG-12.44%24 251
SEMPRA ENERGY8.13%41 711
ENGIE-4.95%34 096
E.ON SE10.22%30 880