Gasum is to supply Sweden's largest fuel company, Preem, with a new fuel blend consisting of liquefied natural gas (LNG) and 10% renewable liquefied biogas (LBG).
This is the first agreement that involves Gasum delivering a blend containing renewable fuel to a maritime sector customer on a regular basis. Preem's vessels to be supplied with the renewable maritime fuel blend are the time-chartered tankers Tern Ocean and Thun Evolve.
Karin Klinthäll, manager of trading operations at Preem, said: "Maritime transport is an important part of Preem's operations. We are very pleased to be able to introduce LBG into our fuel mix. This opportunity supports our high-end sustainability requirements."
Using LNG as a maritime fuel reduces emissions significantly compared to convention fuel, such as heavy fuel oil. According to Gasum, it improves local air quality and reduces greenhouse gas (GHG) emissions by up to 20% compared to conventional fuel. LNG is considered to be the most environmentally-friendly fossil shipping fuel, meeting the requirements of the International Maritime Organisation.
By using 100% LBG, GHG emissions can be reduced even further. LBG reduces GHG emissions by up to 85% compared to fossil fuels. "Gasum is committed to working for a carbon-neutral future and helping our customers reduce their own carbon footprint by providing cleaner energy," said Jacob Granqvist, sales director of Gasum's maritime division.
"We are happy to support Preem towards greener shipping and particularly their vision of leading the transition towards a sustainable society."