Gasum is planning a FuelEU maritime pooling solution together with Wasaline

Moscow, October 8 - Neftegaz.RU. 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.

J. Granqvist, Gasum’s Vice President, Maritime said:

• as a major bio-LNG producer and supplier, Gasum is in a unique position to provide a reliable full-service pooling solution to shipping companies;
• customers have shown a strong interest in a pooling service offered by Gasum;
• our long experience and strong relationships in the maritime market give us a competitive advantage that few other companies can provide.

Wasaline's CEO, P. Ståhlberg said:

• 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.

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.

To make compliance easier for shipping companies, FuelEU Maritime permits the voluntary pooling of emission reductions between vessels.
This means, that vessels that are over-compliant can compensate emissions on behalf of under-compliant vessels, in other words, provide compliance as a service.

Liquefied biomethane, bio-LNG, is a fully renewable and environmentally friendly fuel with life-cycle greenhouse gas emissions that are, on average, 90% lower when compared with fossil fuel use.
Biogas can be used in all the same applications as natural gas.

Gasum produces biogas in its 17 own biogas plants in Finland and Sweden and has additionally established long-term partnerships with trusted and certified biogas producers throughout Europe.
Gasum is set to bring renewable e-methane to the market from 2027 onwards.

Gasum’s goal is to offer 7 TWh of renewable gas to its customers yearly by 2027, including biomethane and e-methane.
Achieving this goal would mean a combined carbon dioxide reduction of 1.8 million tons per year for Gasum’s customers.