October 8, 2024. Nordic energy company Gasum and Finnish shipping company Wasaline have signed a Letter of Intent on building the first large-scale commercial FuelEU Maritime pooling service. Wasaline operates a hybrid ferry that can run on batteries as well as LNG and Bio-LNG. The ferry transports passengers as well as cargo between Finland and Sweden.
Wasaline would be providing over-compliance to the pool by running its daily route on Bio-LNG. Gasum would manage the pool, supply the ultra-low emission Bio-LNG and offer over-compliance to shipping companies with conventional fuel vessels.
As an established Bio-LNG producer and distributor, Gasum is able to guarantee the required supply of ultra-low emission fuel to Wasaline. Additionally, the regular route of the ferry brings predictability to the pooling service.
Gasum’s FuelEU Maritime pooling service is the easiest and most reliable way for shipping companies to save on compliance costs and promote the production of low-emission fuels at the same time.
“We at Wasaline are excited by the opportunity to participate in a solution that has the potential to increase the production and use of renewable biofuels. We prioritize innovation and sustainability in shipping and are happy to be able to help others reduce emissions and drive the green transition forward in our industry”, states Wasaline’s CEO, Peter Ståhlberg.
FuelEU Maritime is a European Union regulation established to increase the use of renewable and low-carbon fuels and limit greenhouse gas emissions. The regulation will apply to all ships of over 5,000 gross tonnage calling at EU ports.
Starting 2025 the owners of such vessels need to reduce the carbon intensity of purchased fuel initially by two percent with the required reduction growing incrementally to as much as 80% by 2050.
