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
Designated STS and bunkering zone to be created outside the ports of Tema and Takoradi, says minister.
Getting to Zero Coalition launched by World Economic Forum, Global Maritime Forum, Friends of Ocean Action.
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Glencore, Vitol, Trafigura in around 160 deals for fuel oil, vacuum gas oil, bunker fuel and asphalt.
Designed to handle very large gas carriers as well as smaller vessels and barges, Vopak Moda Houston is the only waterborne ammonia terminal with deepwater capabilities.
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Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
