NYK plans to launch full-scale biofuel trials in 2024

Starting in fiscal 2024, Japanese shipping company NYK plans to launch full-scale trials of the long-term use of biofuels in navigating its existing heavy oil-fired vessels.

Biofuels are produced from biological sources (biomass), such as waste cooking oil, and are considered to have net-zero CO2 emissions during combustion.

Biofuels are gaining traction in the maritime industry also due to their compatibility with existing infrastructure enabling vessels fitted with heavy oil–fired engines with an option to operate more sustainably.

NYK has already conducted several biofuel trials over the past couple of years. Specifically, the company’s data shows that since the 2019 fiscal year, short-term biofuel trials were carried out in about 10 vessels.