Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine 0.1 Co-processed marine fuel in Scandinavia. The solution is to help the maritime sector to reduce greenhouse gas (GHG) emissions.
The marine fuel supposedly enables up to eighty per cent GHG emission reduction over the lifecycle (calculation guided by the EU Renewable Energy Directive II (EU)2018/2001) compared to fossil fuels without compromising product quality and performance.
According to Neste, the new fuel offers an immediate emission reduction impact. Nordic Marine Oil specialises in the supply of bunker fuels and lubricating oil to the shipping industry. Its storage tanks and bunker barges are located in key ports across Denmark, where the new marine fuel will be available as of May 2022.
No changes to engines
The new fuel is is based on Neste Marine 0.1 low-sulphur marine fuel. Neste Marine 0.1 Co-processed marine fuel is produced at Neste’s refinery in Porvoo, Finland, where renewable raw materials are co-processed with fossil raw materials in the conventional refining process. The drop-in fuel can be taken in use without any fleet modifications as it has a similar composition to conventional bunker fuels.
‘The co-processed marine fuel is our first step enabling the shipping industry to reduce its GHG emissions,’ says Steen Møller, CEO of Nordic Marine Oil. ‘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.’
The fuel is ISO 8217 compliant with consistent refined quality. The sustainability characteristics of the co-processed marine fuel are certified with International Sustainability and Carbon Certification (ISCC PLUS) with a mass balance approach.