Finnish shipping company ESL Shipping will become the first shipping company to start utilizing new low-emission Neste Marine 0.1 co-processed marine fuel in its vessels in Finland and Sweden.
The ISCC PLUS certified marine fuel enables up to 80% reduced greenhouse gas emissions over the life cycle compared to fossil fuels, according to Neste.
As a carrier of dry bulk cargoes in the Nordic and Baltic regions, ESL Shipping strives to minimize the adverse environmental impacts of its fleet. This is in line with the company’s target to achieve net zero CO2 operations by 2050.
“The co-processed marine fuel is something we have been waiting for a long time… we are now fortunate to be able to use this low-emission alternative without having to do any fleet modifications. We believe this is the right thing to do, and I’m convinced we in the Nordics are well-positioned to show the way for the global maritime industry,” Mikki Koskinen , Managing Director of ESL Shipping, commented.
“Supporting the shipping industry towards carbon neutrality requires partnerships, all available solutions and further innovations. We are proud of the solutions we have provided to the global aviation and road transport sectors to reduce greenhouse gas emissions, and it is a big step for Neste to be able to offer similar solutions to maritime transport, too,” Sveta Ukkonen , Head of Marine Fuels and Services at Neste, said.
Neste Marine 0.1 co-processed marine fuel is currently in the piloting phase and it is produced at Neste’s refinery in Porvoo, Finland, where part of the fossil raw materials have been replaced with renewable raw materials in the conventional refining process.
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The drop-in fuel can be taken into use without any fleet modifications as it has a similar composition to conventional bunker fuels.
The sustainability characteristics of the co-processed marine fuel are certified with International Sustainability and Carbon Certification (ISCC PLUS) with a mass balance approach.
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