- Nordic Marine Oil has started to build its sustainability offering, and the co-processed marine fuel is our first step in enabling the shipping industry to reduce its GHG emissions.
- The co-processed marine fuel is a strategic step for us to reduce the dependency on fossil resources by replacing crude oil-based raw materials partly with renewable raw materials.
- In 2021, Neste’s revenue stood at EUR 15.1 billion.
Neste is testing a new Neste MarineTM 0.1 Co-processed marine fuel in Scandinavia with its partner Nordic Marine Oil, a solution that will assist the maritime sector cut greenhouse gas (GHG) emissions as reported by Neste.
GHG emission
The ISCC PLUS certified* marine fuel enables up to 80%** GHG emission reduction over the lifecycle compared to fossil fuels without compromising the product quality and performance.
“At Neste, we are dedicated to helping our customers and the entire value chain to reduce their GHG emissions.
Maritime is one of the largest sources of transport emissions.
We support shipping companies moving towards carbon neutrality and are introducing the Neste Marine 0.1 Co-processed marine fuel with an immediate emission reduction impact,” says Sveta Ukkonen, Head of Marine Fuels & Services at Neste.
Nordic Marine Oil specializes in the supply of bunker fuels and lubricating oil to the shipping industry.
Immediate solution
“With extreme enthusiasm, we give our full focus on creating awareness for this low-emission marine fuel.”
The emission reduction is immediate and the solution is easy to implement as the shipowners are not forced to make any investments or changes to the vessel engines.
“The maritime sector is combating climate change by all available means.
Our new co-processed marine fuel is a competitive and feasible solution for shipping companies, and also for cargo and brand owners looking to reduce their GHG emissions across their value chain,” explains Sveta Ukkonen.
Based on the experiences gathered with Nordic Marine Oil, we will be expanding the availability of the product.
Marine fuel
0.1 Neste Marine Co-processed marine fuel is made in Neste’s refinery in Porvoo, Finland, where renewable and fossil raw materials are combined in the traditional refining process. Because the drop-in fuel has a comparable composition to existing bunker fuels, it can be used without any fleet adjustments. The ISO 8217-compliant co-processed marine fuel has a consistent refined quality. The co-processed marine fuel’s sustainability qualities are certified using the International Sustainability and Carbon Certification (ISCC PLUS) mass balance approach.
*) The ISCC PLUS certificate does not cover GHG verification in the pilot phase.
**) The method used to calculate life cycle emissions and emission reduction is guided by the EU Renewable Energy Directive II (EU)2018/2001.
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Source: Neste
