Turkish shipping company Ulusoy Sealines has joined Finland-headed energy company Gasum Oy’s FuelEU Maritime pool as an offtaker of the pool’s regulation compliance service.
Ulusoy Sealines owns and operates a fleet of several Ro-Ro vessels and cargo ships. The company sails a regular route transporting passengers and freight between the Turkish Port of Cesme and the Italian Port of Trieste.
When sailing to European ports Ulusoy Sealines’ vessels are subject to the European Union FuelEU Maritime regulation.
By joining Gasum’s pool, Ulusoy Sealines is able to buy compliance as a service, where one vessel using biofuel generates compliance on behalf of others.
There are currently many pooling services offered, but Gasum’s FuelEU Maritime pool is, in our opinion, by far the most reliable, cost-effective, and simple option. Gasum has control over the whole process, from data gathering to bunkering the right amount of biofuel, and we can trust them to deliver what they promise. It’s the perfect solution for a shipping company like ours to comply with the requirements of the European Union regulation, said Mesut Cesur, General Manager of Ulusoy Sealines.
Gasum’s pool verified by DNV
FuelEU Maritime is a European Union regulation established to increase the use of renewable and low-carbon fuels in the maritime sector.
The regulation will apply to all ships of over 5,000 gross tonnage calling at EU ports.
Starting in 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 percent by 2050.
To make compliance easier for shipping companies, FuelEU Maritime permits the voluntary pooling of emission reductions between vessels.
Gasum offers compliance by fuelling the pool’s compliance generators with the needed amount of liquefied biomethane, bioLNG.
Gasum uses DNV’s technology to gather and validate the pool’s consumption and emissions data and DNV will, at the end of the year, verify the balance of the pool for EU reporting purposes.
We are very pleased to welcome Ulusoy Sealines to Gasum’s FuelEU Maritime pool. It’s great that a wide variety of actors in the maritime market can see the reliability and benefits of Gasum’s pooling service. This gives us the opportunity to expand our reach beyond the Northwest Europe area. Ship owners around the globe are realizing that now is the time to be making decisions about how to respond to the regulation this year, said Jacob Granqvist, VP of Maritime at Gasum.
According to Gasum, waste-based bioLNG is a fully renewable and environmentally friendly fuel with life-cycle greenhouse gas (GHG) emissions that are, on average, 90 percent lower when compared with fossil fuel use.
Gasum’s strategic goal is to offer 7 TWh of renewable gas, including biomethane and e-methane, annually to its customers by 2027.
