Powerzeek adds liquefied biogas to marine fuel platform
The addition follows requests from the shipping market, as well as Powerzeek’s mission to make it easier to source cleaner fuels.
Powerzeek launched its digital marine fuel platform in April. Since then, the firm has onboarded liquefied natural gas (LNG) suppliers with a total supply capacity of more than 800,000 tons of LNG.
According to the firm, as a marine fuel, LBG is interchangeable with LNG. Both LBG and LNG consist mainly of methane and has the same cryogenic temperature in its liquid form. This means equipment that stores, transports, and uses LNG can also be used for LBG. Powerzeek believes using both alternative fuels is one of the “concrete actions” that will lead to a low-carbon economy in the future.
Dag Lilletvedt, CEO of Powerzeek, said: “It is with great pleasure we add LBG as a renewable energy to our platform. Ten years ago I had the pleasure of setting up a supply chain of LBG between the UK and Sweden, which enabled a landfill gas producer in London to sell its biogas to a transport company in Stockholm.
“When we now add LBG to our online platform, we are making it easier for these types of market players to meet and agree on the trade of this renewable energy.”
Karen Sund of Biogas Oslofjord, a network of three counties in and around Oslo promoting the production and use of biogas, said Powerzeek’s move to add LBG was a “great solution” for the maritime sector.
“It is already used in trucks, so production and liquefying capacity is growing,” said Lund. “We see biogas and LBG as a way to bring Norway closer to its climate cut targets. In addition, it will solve several waste problems and add to the circular economy.”