Furetank making strides in transition to fossil fuel-free shipping

To accelerate the transition to fossil fuel-free shipping, Swedish company Furetank has launched a new company for trading emission reductions under the FuelEU Maritime regulation and signed an agreement securing all the biogas required to operate its wholly and partly owned gas-propelled vessels trading in the EU during 2025. 

On August 29, Furetank revealed the signing of a large-scale agreement for mass-balanced biomethane that will enable ‘an immediate transition’ to renewable operations.

According to the company, the purchased biomethane provides a 150–200% reduction in greenhouse gas (GHG) emissions on a well-to-wake basis. Agricultural group Cargill produces the biogas from waste, while Titan Clean Fuels liquefies and delivers the end product: mass-balanced liquefied biomethane (LBM).

“This was our target when we converted our first vessel to gas propulsion in 2015. It is remarkable that we have finally reached the point we have worked for and talked about for so long. At last, the right incentives are in place to make the business case possible. We have found partners who can deliver the volume and quality of gas we have been looking for, with a very significant