Neste develops marine fuel to lower emissions

A Finnish company has launched the “Marine 0.1 Co-Processed” which is a marine fuel – a substitute for the conventional fuel used in the shipping industry. According to Neste, the company, the new alternate fuel reduces GHG (GreenHouse Gas) by 80% throughout its lifecycle compared to the standard fuel used.

Marine 0.1 Co-Processed was initially introduced last year and since then has already been certified with ISCC PLUS (International Sustainability & Carbon Certification) and is ISO 8217 compliant. It is said to be a drop-in fuel, which means it can easily replace conventional fuels without the vessel having to undergo any sort of modification.

The Marine fuel is said to be made by mixing fossil raw materials with renewable raw materials during the refining process (hence the name Co-Processed). Reports state that the new alternate fuel provides composition & performance that’s similar to that of standard fuels but with significantly lower emissions across its lifecycle.

Neste is now said to be expanding to the Swedish market with the help of ScanOcean. The Swedish company will deliver the new marine fuel to the ports on the country’s east coast. It could soon be offered to containers, tankers, cargo ships and even passenger ships, confirming its huge potential.

The Finnish company plans to reach 2.2 million tonne capacity by 2026 and make its Porvoo oil refinery the most sustainable in Europe by the end of the decade.