May 23, 2022 [Tank Storage Magazine] – Finnish refiner Neste and Danish bunker and terminal firm Nordic Marine Oil have joined forces to pilot a new marine fuel oil which lowers the greenhouse gas (GHG) emissions of shipping by up to 80% compared to conventional fossil fuels.
Neste Marine 0.1 Co-processed marine fuel is produced in Neste’s refinery in Porvoo, Finland, from renewable raw materials co-processed with fossil raw materials in a conventional refining process. The resulting fuel is very similar to conventional bunker fuel and can be used as a drop-in replacement with no modifications to ships necessary. The International Sustainability & Carbon Certification (ISCC) programme, which certifies the sustainability of feedstocks, has awarded the fuel an ISCC PLUS certificate.
The fuel will be distributed via Nordic Marine Oil’s storage tanks and bunker barges in key ports across Denmark from May 2022.
‘With extreme enthusiasm, we give our full focus on creating awareness for this low-emission marine fuel. Nordic Marine Oil has started to build its sustainability offering, and the co-processed marine fuel is our first step enabling the shipping industry to reduce its GHG emissions. For cargo owners and charterers, the product is an effortless and cost-efficient opportunity to reduce CO2 emissions in transportation and reach their own climate targets. The emission reduction is immediate and the solution is easy to implement as the shipowners are not forced to make any investments or changes to the vessel engines. Our strong partnership with Neste gives us the opportunity to supply tomorrow’s fuels for the maritime industry already today,’ says Steen Møller, CEO of Nordic Marine Oil.
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