ESL Shipping has selected the new low-emission Neste Marine 0.1 co-processed marine fuel for its vessels in Finland and Sweden.

According to the company, the ISCC PLUS certified marine fuel will cut down greenhouse gas emissions by up to 80% over the life cycle as against fossil fuels.

ESL Shipping is a carrier of dry bulk cargoes in the Nordic and Baltic regions.

ESL Shipping managing director Mikki Koskinen said: “The co-processed marine fuel is something we have been waiting for a long time.

“ESL Shipping is committed to leading the way in reducing greenhouse gas emissions of the maritime industry, and we are now fortunate to be able to use this low-emission alternative without having to do any fleet modifications.”

At present, Neste Marine 0.1 co-processed marine fuel is under the piloting phase. The fuel is produced at Neste’s refinery, located in Porvoo, Finland.

Using the conventional refining process, part of the fossil raw materials is replaced with renewable raw materials.

Given the similar composition to conventional bunker fuels, the drop-in fuel can be used without making any fleet modifications.

Neste marine fuels and services head Sveta Ukkonen said: “Supporting the shipping industry towards carbon neutrality requires partnerships, all available solutions and further innovations.

“We are proud of the solutions we have provided to the global aviation and road transport sectors to reduce greenhouse gas emissions, and it is a big step for Neste to be able to offer similar solutions to maritime transport, too.”

Last October, ESL Shipping, Viking Line and Attracs collaborated with Åbo Akademi University and PBI Research Institute on a project designed to reduce emissions in the shipping industry.