Neste and Nordic Marine Oil have developed the Neste Marine 0.1 Co-processed marine fuel, said to enable up to 80% greenhouse gas emission (GHG-E) reduction over the lifecycle compared to fossil fuels.
The new product, ISO 8217-compliant, is produced at Neste's refinery in the Finnish Porvoo, where renewable raw materials are co-processed with fossil raw materials in the conventional refining process.
The sustainability characteristics of the co-processed marine fuel are certified with International Sustainability and Carbon Certification (ISCC PLUS) with a mass balance approach.
The GHG-E reduction has been calculated using a method guided by the EU Renewable Energy Directive II (EU)2018/2001.
Nordic Marine Oil will use its bunkering capacities in Denmark to start offering the new fuel as of 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," Steen Møller, CEO of Nordic Marine Oil, said.
He furthered, "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."
Sveta Ukkonen, Head of Marine Fuels & Services at Neste, also highlighted, "The maritime sector is combating climate change by all available means. Our new co-processed marine fuel is a competitive and feasible solution for shipping companies, and also for cargo and brand owners looking to reduce their GHG emissions across their value chain. Based on the experiences gathered with Nordic Marine Oil, we will be expanding the availability of the product. The co-processed marine fuel is a strategic step for us to reduce the dependency on fossil resources by replacing crude oil based raw materials partly with renewable raw materials."
Photo: Neste