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ROTTERDAM: February 04, 2019. A proof-of-concept coalition made up of global mining company BHP, NYK, sustainable biofuel supplier GoodFuels and an applications developer Blockchain Labs for Open Collaboration (BLOC), has delivered verifiably sustainable biofuels to the BHP-chartered, NYK-owned bulk carrier Frontier Sky.

The biofuel, supplied by GoodFuels via logistics partner Varo Energy, is a “drop-in” marine gasoil (MGO)-equivalent and was blended with conventional fuel in a 30/70 percent mix biofuel/MGO to save over 50 tonnes of CO2.

NYK’s reduction targets for GHG emissions are 30 percent per tonne-kilometre by 2030 and 50 percent by 2050 compared with a 2015 base year.

NYK Frontier SkyBHP says it has worked with GoodFuels to explore the use of sustainable, advanced, second generation biofuels for shipping that includes verifiable chains of custody and that the origin, emission reductions and fuel quality metrics are traceable and transparent.

The solution has now been provided by BLOC’s Maritime Blockchain Labs. BLOC CEO Deanna MacDonald commented: “This is an important demonstration of how blockchain technology could play a role in creating a global trusted monitoring, reporting and valuation system for broader adoption of cleaner fuels both in terms of meeting 2020 sulphur cap requirements and the IMO’s 2050 decarbonisation goal.”

Abdes Karimi, head of Strategy and Planning at BHP noted: “We fully support moves to decarbonise the freight industry, including implementing IMO2020. Biofuels offer an innovative approach to more sustainable bunker fuel. It’s important for us to ensure the biofuel we use is sustainably produced and traceable. This consortium has invented new ways of working. It demonstrates an effective model for the whole industry to build on in the future.”

GoodFuels head of Marine Isabel Welten added: “We want to make it as easy as possible for vessels to use biofuels to reduce their footprint. By documenting emissions savings and chains of custody, and combining this with smart incentives to use cleaner fuels, we can build a trusted, financially viable pathway towards zero-carbon shipping.”

The Netherlands-based company has created a one-stop shop for marine industry customers integrating the entire supply chain for sustainable marine biofuels. It has also partnered with Varo Energy on the distribution and development of speciality blending solutions for low carbon marine fuels.

NYK’s shipping fleet includes 361 bulk carriers, 119 car carriers, 95 containerships, 71 LNG carriers, 65 tankers, 42 wood-chip carriers, one cruise liner, and 42 other ships including multipurpose and project cargo vessels.

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