Global mining company BHP, Japanese shipping company NYK, sustainable biofuel company GoodFuels and BLOC (Blockchain Labs for Open Collaboration), in early February announced the successful delivery of biofuels to the BHP-chartered, NYK-owned bulk carrier Frontier Sky, with CO2 savings verified with BLOC’s blockchain fuels assurance platform.
The biofuel, supplied by GoodFuels via logistics partner Varo Energy, is a ‘drop-in’ marine gasoil (MGO)-equivalent, and was blended with conventional fossil-based MGO in a mix of 30% biofuel to 70% conventional MGO.
The delivery saved over 50 tonnes of CO2, equivalent to the greenhouse gas (GHG) emissions of approximately 125,000 miles driven by car.
“We recognise we have a stewardship role, working with our customers, suppliers and others along the value chain to influence emissions reductions across the full life cycle of our products,” said Abdes Karimi, Head of Strategy and Planning at BHP.
“We fully support moves to decarbonise the freight industry, including implementing IMO2020. Biofuels offer an innovative approach to more sustainable bunker fuel. It’s important for us to ensure the biofuel we use is sustainably produced and traceable.”
Hiroshi Kawaguchi, general manager of the Dry Bulk Marine Quality Control Group at NYK said: “For shipping to reduce its carbon emissions, we need to ensure that we are exploring how all available technologies can play a part.”
“Using sustainable marine fuel like biofuel unlocks significant emissions savings that, alongside increased efficiency, a reduction in downtime, and increased optimization through hardware innovation and digitalization, move us towards our science-based GHG reduction targets.”
“We want to make it as easy as possible for vessels to use biofuels to reduce their footprint,” added Isabel Welten, Head of Marine, GoodFuels.
“By documenting emissions savings and chains of custody, and combining this with smart incentives to use cleaner fuels, we can build a trusted, financially viable pathway towards zero-carbon shipping.”
Deanna MacDonald, CEO, BLOC, said: “We’re building on an earlier trial undertaken in September and are moving towards validating an important decarbonisation pathway with blockchain technology.”
“We are further testing the prototype in a real world setting to capture the biofuel delivery from BHP, and to create a complete digital audit trail, with extended functionality for biofuels and emissions tracking.”
Photo credit: NYK
Published: 19 February
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