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Pooling
FuelEU Maritime directive aims to reduce greenhouse gas emissions in the maritime sector by promoting the use of renewable and low-carbon fuels. The pooling mechanism provides flexibility for shipowners in achieving compliance, thereby facilitating a smoother transition towards a more sustainable maritime industry. Gasum’s commercial pool merges vessels with over-compliance and those needing compliance, enabling companies to meet emission regulations cost-effectively. By connecting these parties, Gasum offers renewable gases and mitigates risks associated with the uncertain availability of biofuels, providing peace of mind to shipping companies.
FuelEU Maritime and Gasum’s Commercial Pools
FuelEU Maritime is a European Union (EU) regulation established to increase the use of renewable and low-carbon fuels and limit greenhouse gas (GHG) emissions. From 2025 onwards, FuelEU Maritime will apply to all ships of 5,000 gross tonnage and over calling at EU ports, regardless of their flag and shipping companies owning these vessels needs to reduce the carbon intensity of the purchased fuel by 2% (GHG emissions and well-to-wake) in 2025 to as much as 80% by 2050. To facilitate compliance and making becoming compliant easier for shipping companies (DOC holders), FuelEU Maritime permits the voluntary pooling of emissions between vessels. This means, that vessels that has over-compliance can reduce the needed greenhouse gas intensity of other vessels, or in other words providing compliance as a service.
How does it work?
Pooling is a mechanism that gives shipowners flexibility in achieving compliance. Emissions can be pooled between two or more ships verified by the same body to achieve compliance per individual ship. This includes ships controlled by different companies. However, pooling is subject to certain conditions. For one, the total pooled compliance must be positive. This means ships cannot have a greater deficit after pooling emissions.
Gasum’s Commercial Pools
Gasum's own commercial pool is made of customers LNG vessels that uses LBG. The pool combines the vessels (and companies owning these vessels) that has overcompliance (has or can reduce emissions over their own regulatory need) and the vessels that are in the need of compliance. Companies that are in need of compliance can become compliant by utilizing the over-compliance of Gasum’s commercial pool with the lowest operational impact and costs.
As an example, certain liquid biofuels (not LBG) could affect the engine life negatively of vessels. There might also be a lack of biofuels in the trading routes sailed. Gasum helps shipping companies by connecting the abovementioned parties and at the same time offering cost-effective renewable gases. Likewise, the availability of liquid-based biofuels (e.g. FAME) are not certain in the coming years and there might be a shortage of these fuels. Gasum’s commercial pooling reduces risks and enables cost-effective emission reductions to shipping companies. At the same time, shipping companies can rest assured that targets are met in an effective and hassle-free way.
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