We consider the recent use of biofuels as a first step in short-term success when it comes to CO2 reduction. Significant CO2 reductions can only be achieved when actions are taken in the entire supply chain. That is why we continue to actively discuss the possibility of biofuels with our customers.
Our entire fleet of MPP vessels is able to bunker the ISO 8217 compliant co-processed marine fuel, since no investment in onboard equipment is required to use this sustainable drop-in marine fuel. The fuel is produced using ISCC PLUS certified raw materials, such as vegetable oils, used cooking oil, or animal fat, which may reduce GHG emissions up to 80% over the lifecycle, when compared to fossil fuels.
At Wagenborg we believe in a sustainable marine future and the use of bio-fuels fits perfectly in our sustainability strategy. By following five consecutive steps, we aim to achieve a 40% CO2 reduction by 2030 and even 70% by 2050, compared to base year 2008. So far, our fuel efficiency program and the first use of bio fuels resulted in a CO2 reduction of about 26% compared to the year 2008.