Powerzeek Adds LBG As a Renewable Energy To Its Platform

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Powerzeek adds liquefied biogas (LBG) to its marine fuel platform, reports Bioenergy Insight.

Liquefied BioGas included to platform

Powerzeek, a platform company offering an online marketplace for cleaner energy, has added liquefied biogas (LBG) to its marine fuel platform.

Reason for the addition

The addition follows requests from the shipping market, as well as Powerzeek’s mission to make it easier to source cleaner fuels.

When was the launch?

Powerzeek launched its digital marine fuel platform in April. Since then, the firm has on boarded liquefied natural gas (LNG) suppliers with a total supply capacity of more than 800,000 tons of LNG.

About LBG as marine fuel

According to the company, LBG as a marine fuel is interchangeable with LNG. 

  • Both LBG and LNG consist mainly of methane and have the same cryogenic temperature in its liquid form. 
  • This means equipment that stores, transports, and uses LNG can also be used for LBG. 

Powerzeek believes using both alternative fuels is one of the “concrete actions” that will lead to a low-carbon economy in the future.

CEO of Powerzeek’s comment

Dag Lilletvedt, CEO of Powerzeek, said: “It is with great pleasure we add LBG as a renewable energy to our platform.”

Ten years ago I had the pleasure of setting up a supply chain of LBG between the UK and Sweden, which enabled a landfill gas producer in London to sell its biogas to a transport company in Stockholm.

“When we now add LBG to our online platform, we are making it easier for these types of market players to meet and agree on the trade of this renewable energy.”

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Source: BioenergyNews

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