Bunker Fuel

NYK to purchase bunker fuel and carbon removal credits from ENEOS

Agreement stipulates that ENEOS will procure CDR credits from 1PointFive’s STRATOS Direct Air Capture plant in Texas and ENEOS will then sell these credits, along with the marine fuel it supplies, to NYK.

Published

2 years ago

December 20, 2024

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NYK to purchase bunker fuel and carbon removal credits from ENEOS

Nippon Yusen Kabushiki Kaisha (NYK) and ENEOS Corporation (ENEOS) on Wednesday (18 December) said they signed an agreement on 11 December regarding the sale and purchase of marine fuel with carbon dioxide removal credits (CDR credits) created through Direct Air Capture with Carbon Storage (DACCS).

The agreement stipulates that ENEOS will procure CDR credits from 1PointFive’s STRATOS Direct Air Capture plant in Texas, United States, that is scheduled to commence operations in 2025.

These credits are generated by removing CO2 from the atmosphere and storing it underground. ENEOS will then sell these credits, along with the marine fuel it supplies, to NYK for five years starting in 2028.

DACCS is one of the negative emission technologies that achieves the removal of greenhouse gases (GHGs) that cannot be reduced by energy conservation or transition to next-generation fuels. This innovative technology contributes to achieving net zero emissions in the energy sector.

NYK and ENEOS will continue to actively promote the development and dissemination of GHG emissions reduction technologies, including DACCS, to contribute to the realisation of a carbon-neutral society.

Based on the NYK Group Decarbonisation Story published in November 2023, NYK is promoting CO2 emissions reduction toward achieving net zero emissions by 2050. This is being done by maximising energy efficiency and transitioning from traditional fossil fuels to next-generation fuels such as LNG, ammonia, and methanol. Additionally, for residual emissions that cannot be eliminated through efforts to reduce emissions, NYK aims to achieve net zero CO2 emissions through a “reduction” and “removal” approach by offsetting emissions using CDR credits.

Based on the Third Medium-Term Management Plan & Carbon Neutrality Plan announced in May 2023, the ENEOS Group is working on reducing and absorbing its own CO2 emissions through such as Carbon Capture and Storage (CCS), forest absorption, and DACCS.

The firm also working on reducing society’s overall emissions through the promotion of energy transitions to such as hydrogen, biofuels, and renewable energy, with the aim of achieving net zero emissions at the Group and society at large. Moreover, through the launch of carbon offset fuel announced in January 2024, ENEOS will contribute to voluntary initiatives across society.

1PointFive is a Carbon Capture, Utilisation and Sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonisation solutions, including Carbon Engineering’s Direct Air Capture and AIR TO FUELS™ solutions alongside geologic sequestration hubs.

Direct Air Capture can help marine companies advance their emissions removal goals during the transition period until low-carbon fuels become widespread and address residual emissions of alternative fuels.

Photo credit: 1PointFive
Published: 20 December, 2024

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Engine

Japan’s first WinGD methanol dual-fuel marine engine passes FAT at MITSUI E&S

Company successfully completed the Factory Acceptance Test of the DU-WinGD 6X82DF-M-1.0 LP-SCR, the first methanol dual-fuel WinGD large marine engine built in Japan.

Published

4 hours ago

August 4, 2026

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MITSUI E&S completes FAT of Japan's first WinGD methanol dual-fuel engine

MITSUI E&S on Monday (3 August) announced that Mitsui E&S DU, a group company of MITSUI E&S, has successfully completed the Factory Acceptance Test (FAT) of the DU-WinGD 6X82DF-M-1.0 LP-SCR, the first methanol dual-fuel WinGD large marine engine built in Japan.

The engine is also the first WinGD large marine engine manufactured at MITSUI E&S Tamano Works.

“The engine is scheduled to be installed on the first vessel in a series of four vessels being built for a domestic shipowner,” the company said on its website.

By utilising green methanol as fuel, it will contribute to a substantial reduction in greenhouse gas (GHG) emissions from shipping operations.

“To meet the expected increase in marine engine demand under the Japanese government’s Shipbuilding Industry Revitalisation Roadmap, the MITSUI E&S Group is working to enhance production efficiency for large marine engines through integrated operation at MITSUI E&S Tamano and Mitsui E&S DU Aioi,” the company added.

Photo credit: MITSUI E&S
Published: 4 August, 2026

Alternative Fuels

Quadrise and Licella amend JDA to advance low-carbon marine fuel testing

Companies have been collaborating since March 2025 on the use of Licella’s bio-oil produced by HTL technology as a potential cost-effective feedstock for Quadrise’s bioMSAR™ and bioMSAR Zero™ fuels.

Published

4 hours ago

August 4, 2026

Admin

Quadrise, a low emissions fuels and biofuel developer, recently announced an amendment to the Joint Development Agreement (JDA) with Australian-based Licella Holdings (Licella).

Licella is a global technology pioneer delivering scalable, low-cost and high-value fossil replacement solutions. Its proprietary Cat-HTR™ hydrothermal liquefaction (HTL” technology efficiently converts abundant biomass residues and biowastes, including wood and agricultural waste, into high-quality, sustainable bio-oil that can be blended or refined into low-carbon liquid fuels.

“HTL is globally recognised as one of the most promising pathways for producing sustainable fuels for hard-to-abate sectors such as shipping, with organisations highlighting its potential to deliver low-carbon bio-oils at the scale the maritime sector requires,” Quadrise said.

Under the JDA entered into on 26 March 2025, Quadrise and Licella have been collaborating and seeking, inter alia, to progress the use of Licella’s bio-oil produced by HTL technology as a potential cost-effective feedstock for the Company’s bioMSAR™ and bioMSAR Zero™ fuels.

Under the JDA, pursuant to which lab testing has been undertaken in Australia and the UK, the parties have jointly developed a deeper understanding of the technological advancements needed to supply sustainable HTL-derived bio-oils to the maritime sector.

As a result, and prior to diesel engine testing, the Amended JDA now sets out a non-binding but more specific development focus, with an updated time schedule for the joint testing of the parties’ respective fuel technologies, with Licella providing the scalable HTL bio-oil production expertise and Quadrise providing maritime market access and fuel experience.

Upon successful completion of final lab tests on refined Licella HTL bio-oils in H2 2026, initial marine fuel diesel engine pilot tests are planned by the parties, after which Quadrise and Licella will seek to undertake the larger scale, third-party engine testing required to move to commercial vessel tests.

Photo credit: Scott Graham
Published: 4 August, 2026

Methanol

CMA CGM names new 15,000 TEU methanol-powered vessel “ROI ARTHUR”

Joining the company’s REX2 service, the ship will strengthen its fleet of new-generation vessels designed to support the decarbonisation of shipping.

Published

5 hours ago

August 4, 2026

Admin

French shipping giant CMA CGM on Monday (3 August) said its new 15,000 TEU methanol-powered vessel, CMA CGM ROI ARTHUR, has officially been named and is ready to begin its journey at sea.

Joining the company’s REX2 service, the ship will strengthen its fleet of new-generation vessels designed to support the decarbonisation of shipping.

“Powered by methanol, she contributes to reducing atmospheric emissions and advancing the energy transition of our industry,” the company said in a social media post.

The vessel was welcomed by her Master, Captain Roman DIDENKO, and her godmother, Ms. Sun Lijun, Vice Chairman of Tianjin Bridge Welding Materials Group Co., Ltd. and Vice President of the Tianjin Women Entrepreneurs Association.

In January, the company announced the arrival in its fleet of its 400th owned vessel, the CMA CGM MONTE CRISTO, the first in a series of six methanol container ships.

The Group is preparing to operate, by 2031, around 200 dual-fuel LNG and methanol container ships that can be powered with low-carbon energy.

Photo credit: CMA CGM
Published: 4 August, 2026