Energy company Gasum and shipping company Wallenius Sol have signed a co-operation agreement whereby Wallenius Sol’s dual fuel vessels join Gasum’s FuelEU Maritime pool as compliance generators. The vessels will generate compliance surplus for the benefit of other vessels by running on bio-LNG.
Wallenius Sol operates regular scheduled services between several ports in northern Finland and Sweden, Germany, the Benelux region and the United Kingdom. The company’s vessels handle trailers, containers and project cargo, for example, for the paper and steel industries.
Wallenius Sol’s customers are now able to enjoy low emission transports for their goods because of the FuelEU Maritime co-operation with Gasum.
“We are very excited that Wallenius Sol has decided to join our FuelEU Maritime pool, as this collaboration enables us to open even more regulation surplus to shipowners at this pivotal point. The window for securing compliance for 2025 is closing rapidly and the available capacity may run out before the year end. Pooling is a brilliant and easy opportunity for all maritime actors to join forces in lowering emissions from the industry together”, says Jacob Granqvist, Vice President, Maritime, Gasum
“We aim to be the natural partner for sustainable sea logistics in the Gulf of Bothnia and across the European continent. Together with Gasum, we are scaling the use of renewable gases at sea. Switching to bio-LNG for our Enabler-class vessels is clear proof that our Roadmap is delivering – and that we are investing in our customers’ climate goals while accelerating the green transition across the Nordics”, says Rebecca Tagaeus, Chief Sustainability Officer at Wallenius Sol.
Pooling saves costs on penalties
Starting this year, owners of vessels calling at EU ports are required to reduce the carbon intensity of used fuel by two percent. In practice, this means using a certain portion of lower emission biofuels.
Shipowners face a costly penalty if they are not able to meet this requirement. However, joining Gasum’s FuelEU Maritime pooling service is an easy way to comply with the demands of the regulation and save the penalty costs.
Gasum takes full responsibility for managing the pool and provides the right amount of bio-LNG to designated compliance generator vessels within the pool. DNV ensures the pool is in balance at the end of the year.
Liquefied biomethane, bio-LNG, is a fully renewable biofuel with life-cycle emissions that are, on average, 90% lower than traditional fossil fuels such as MGO. Gasum is dedicated to helping its customers navigate the energy transition by continuously increasing the availability of renewable gas.