The shipping industry urgently needs solutions to reduce its carbon footprint: It accounts for 90 % of global trade and 13 % of global transport emissions. Together with its partner Nordic Marine Oil, Neste is launching a marine fuel in Scandinavia to help the maritime sector reduce greenhouse gas emissions.
Neste Marine 0.1 Co-processed Marine Fuel is produced at the Neste refinery in Porvoo, Finland. Renewable feedstocks are processed together with fossil feedstocks in the conventional refining process. The resulting drop-in fuel can be put into service without any modifications to the ship fleet, as it has a similar composition to conventional bunker fuels. Nordic Marine Oil’s storage tanks and bunker vessels are located in Denmark’s main ports, where the new marine fuel will also be available from May 2022.
Neste Marine™ 0.1 Co-processed produces up to 80 % less greenhouse gas emissions over its entire life cycle compared to fossil fuels. The company says this was calculated using the EU Renewable Energy Directive II (EU)2018/2001). The new fuel is ISO 8217 compliant and has consistent refinery quality. Its sustainability characteristics are certified with International Sustainability and Carbon Certification (ISCC PLUS) with a mass balance approach. The ISCC PLUS certificate does not cover GHG verification in the pilot phase.