Finnish oil company Neste is piloting a co-processed 0.1% sulphur marine fuel with Denmark’s Nordic Marine Oil that it claims can cut greenhouse gas emissions by 80%.
Neste said the fuel enables a GHG emission reduction of up to 80% over its life cycle compared to fossil fuels, without compromising product quality and performance.
Neste Marine 0.1 Co-processed fuel is produced at the company’s refinery in Porvoo, Finland, where renewable raw materials are co-processed with fossil fuel raw materials in a conventional refining process.
The drop-in fuel can be used without fleet modifications, as it has a similar composition to conventional bunker fuels, Neste said, and is ISO 8217 compliant.
Nordic Marine Oil supplies bunkers and lubricating oil to the shipping industry in ports across Denmark, where the new fuel will be available from this month.
Sveta Ukkonen, head of marine fuels and services at Neste, said the group will expand its availability based on experience gathered with Nordic Marine Oil.
“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,” she said.
Steen Moller, chief executive of Nordic Marine Oil, added that shipowners do not need to make investments or changes to vessel engines to use the fuel, and it presents an easy way for charterers and cargo owners to cut their transport chain emissions.
“Our strong partnership with Neste gives us the opportunity to supply tomorrow’s fuels for the maritime industry already today,” he said.