Port of Rotterdam launches EUR 5 million low-carbon fuel initiative
In the Netherlands, the Port of Rotterdam has made EUR 5 million available via its Incentive Scheme Climate-Friendly Shipping to fund maritime projects using low- and zero-carbon fuel. Shipping companies, fuel and engine manufacturers and suppliers and shipping service providers operating out of the Port of Rotterdam will be able to submit for funding if their project relies on green fuel and carbon reduction options.
The Port of Rotterdam is Europe’s largest bunkering port, with around 11 million m3 of bunker fuel supplied annually to ships berthed in the port. One of the Port of Rotterdam Authority’s ambitions is to help decarbonise the logistics chains that run via Rotterdam.
The Incentive Scheme Climate-Friendly Shipping, which is now open for applications, is intended to promote projects and demonstrations that make use of low-carbon or zero-carbon fuels delivered in Rotterdam’s port area.
Running until 2022, the initiative will focus on projects that reduce carbon dioxide (CO2) emissions by over 50 percent, including renewable and low-carbon fuels. However, projects based around biofuels will have to be able to show that their fuel is “advanced” and is derived from residual or waste flows. Through this scheme, the Port Authority will contribute to the realisation of climate policy targets in the Netherlands and worldwide.
We wish to play an active part in the reduction of CO2 emissions generated by the shipping sector. Through this scheme, we are able to give various parties just that extra financial push they need to realise a concrete project in this area, said Allard Castelein, CEO of the Port of Rotterdam Authority.
The funding scheme is in line with goals previously laid out in the World Ports Climate Action Programme, a Rotterdam initiative launched in September 2018 in partnership with port authorities in Antwerp (Belgium), Barcelona (Spain), Hamburg (Germany), Long Beach and Los Angeles (United States) and Vancouver (Canada) with the goal of reducing the shipping industry’s impact on climate change and global warming.