Another vessel operator joins Gasum’s pool for FuelEU compliance
Swedish paper manufacturer Svenska Cellulosa Aktiebolaget (SCA) has joined Gasum’s liquefied biomethane (LBM) pooling arrangement to comply with the EU’s FuelEU Maritime regulation.
IMAGE: Gasum's dual-fuel LNG bunker vessel, Kairos, bunkering LNG in La Havre port in France. Gasum
The EU’s FuelEU Maritime regulation includes a pooling mechanism that allows shipowners to collectively balance compliance across a group of vessels.
Under this arrangement, ships that are overcompliant towards GHG reduction targets can sell their compliance surpluses to underperforming vessels within the same pool to offset compliance shortfalls and avoid penalties.
Finnish state-owned energy firm Gasum manages one such pool, using LBM as its primary compliance fuel. It supplies the fuel to dual-fuel vessels in the pool and operates its dual-fuel chartered bunkering vessel, Kairos, on LBM to generate surplus compliance.
SCA will purchase surplus credits within the pool to offset compliance shortfalls on its three Roll-on/Roll-off vessels operating across EU ports and avoid penalties under the FuelEU.
Other pool members include Finnish ferry operator Wasaline and shipping company Viking Line. Wasaline operates one LNG/LBM-capable ferry between Finland and Sweden, Viking Line another between Stockholm and Visby. Both are expected to run daily routes on LBM, generating overcompliance for the pool.
By Konica Bhatt
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