The Finnish shipping company, Wasaline, and the Nordic energy company, Gasum, have teamed up to the offer use of an over-compliant ferry as a means of compensating for the costly emissions produced by conventionally fuelled ships under FuelEU Maritime regulations.
Gasum and Wasaline have signed a letter of intent to develop the first large commercial vessel pooling service that will be compliant with FuelEU Maritime regulations. Under these regulations, companies may voluntarily pool their emissions reductions together to attain compliance targets.
According to the letter of intent, the development of this large-scale commercial pooling service is “the easiest and most reliable way for shipping companies to save on compliance costs and promote the production of low-emission fuels at the same time”.
Wasaline’s ferry system would achieve this level of over-compliance by using bio-LNG to complete its daily journeys. Gasum will serve as the provider of ultra-low emission, bio-LNG fuel.
Jacob Granqvist, Gasum Vice President of Maritime, commented: “As a major bio-LNG producer and supplier, Gasum is in a unique position to provide a reliable full-service pooling solution to shipping companies. Customers have shown a strong interest in a pooling service offered by Gasum. Our long experience and strong relationships in the maritime market give us a competitive advantage that few other companies can provide.”
Peter Ståhlberg, Wasaline CEO, said: “We at Wasaline are excited by the opportunity to participate in a solution that has the potential to increase the production and use of renewable biofuels. We prioritize innovation and sustainability in shipping and are happy to be able to help others reduce emissions and drive the green transition forward in our industry.”
Source: Wasaline / Gasum