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WasteFuel Marine introduces bio-methanol for container ships as initial product

21 Jan 2022

California-based WasteFuel, a developer of low-carbon biofuels, on Thursday (13 January) launched WasteFuel Marine, a renewable fuel solution for the shipping sector.

WasteFuel Marine’s initial product will be bio-methanol for container ships.

The firm aims for its marine fuels to reduce CO2 emissions by 95% and Nitrogen Oxide emissions by up to 80% compared to conventional fuels.

“Methanol has exceptional appeal as a renewable fuel – it can use existing logistics infrastructure, works with proven engine designs and has a lower production cost relative to other renewable fuels,” said Mario De La Ossa, President of WasteFuel.

“Our production process optimises well established production methods to capture and use greenhouse gases found in our waste streams to produce a safe and highly versatile product to tackle the challenge of decarbonising logistics.”

WasteFuel has recently closed an oversubscribed fundraising round, it says. Investors in the company include Maersk, Marc Benioff’s TIME Ventures, i(x) investments, NetJets, Prime Infra, Guy Oseary, and Aileen Getty.

The company has several biorefinery projects underway to produce low-carbon fuels as an energy source for air, land, and sea applications.

 

Photo credit: Ian Taylor on Unsplash
Published: 21 January, 2022

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