NYK trials blockchain in biofuel bunkering
Shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) announced that it had completed a trial bunkering operation of biofuel to the BHP-chartered, NYK-owned bulk carrier Frontier Sky at the port of Rotterdam in the Netherlands on 30 January 2019.
This trial was performed in collaboration with global mining company BHP and leading sustainable biofuel company GoodFuels.
The advanced biofuel, supplied by GoodFuels via logistics partner Varo Energy, is a ‘drop-in’ marine gasoil (MGO)-equivalent, and was blended with conventional fossil-based MGO in a mix of 30% biofuel to 70% conventional MGO.
The operation included the participation of BLOC (Blockchain Labs for Open Collaboration), a developer of blockchain applications for the maritime industry, which verified CO2 savings verified with BLOC’s blockchain fuels assurance platform.
This technology enhances the traceability of marine fuel and provides a clear chain of custody for better quality assurance in the bunker fuel supply chain. BHP noted the delivery saved over 50 tonnes of CO2 and marked an important step in the decarbonisation strategies of both BHP and NYK.
Abdes Karimi, Head of Strategy and Planning at BHP said: “We recognise we have a stewardship role, working with our customers, suppliers and others along the value chain to influence emissions reductions across the full life cycle of our products. We fully support moves to decarbonise the freight industry, including implementing IMO 2020. Biofuels offer an innovative approach to more sustainable bunker fuel.”
Interest in such assurance platforms may rise, as companies are encouraged to report their indirect downstream greenhouse gas emissions, although such Scope 3 emissions reporting remains voluntary for UK listed companies, for example. BHP noted in its Scope 3 Emissions Calculation Methodology 2018 report that emissions associated with the freight of its products amounted to 5 million tonnes of CO2, of which marine freight accounted for around 95%, and that “such emissions are of increasing interest as a component of our value chain, and may contribute to the exposure of our business to climate-related risk”.
The CEO of BLOC, Deanna MacDonald, noted BLOC is testing the prototype in a real world and plans to create a complete digital audit trail, with extended functionality for biofuels and emissions tracking.
LATEST PRESS RELEASES
DESMI Ocean Guard wins Frame Agreement for Supply of Ballast Water Management Systems for the Existing Fleet of French Company Sea Tankers
Aalborg, DK, May 7, 2019 – DESMI Ocean Guard A/S is pleased to announce that Sea Tankers have select... Read more
Vickers Oils has opened its 1,700 square metre state-of-the-art R&D laboratory, as well refurbishing... Read more
Gloryholder has been awarded the contract to design and supply the LNG cargo handling and fuel gas s... Read more
DESMI Ocean Guard’s CompactClean Ballast Water Management System Receives US Coast Guard Type Approval
Aalborg, DK, April 17, 2019– DESMI Ocean Guard A/S is pleased to announce that its CompactClean Ball... Read more
DESMI KaziCat is a true Multi-Purpose Catamaran Vessel despite its compact size; just below 24 meter... Read more
When the UK’s Royal Navy realised that the water pumps for firefighting on a number of its vessels w... Read more