Furetank opens its FuelEU Maritime compliance system to customers

In Sweden, FuelEU Maritime regulation opens new pathways for the shipping industry to dramatically cut greenhouse gas emissions. The Swedish tanker shipping company Furetank is now taking the lead, reducing its own emissions to a fraction through biogas operations and launching a subsidiary that will help more shipping companies trade emission reductions transferable within the new system. The goal is to accelerate the transition to fossil-free shipping.

Thanks to the company’s Vinga series of in-house designed dual fuel tankers, powered by liquefied methane, the transition to biofuel can be made without delay or technical modification. Now that the incentives and business models are in place for the more expensive biofuel, Furetank has chosen to move far ahead of EU requirements.

Since Furetank has already done the groundwork to establish a framework for the new trading system, CO2mpliance will also handle compliance with the FuelEU regulation on behalf of other shipping companies. Customers will include both operators moving ahead of EU requirements with a surplus to sell, and those unable to reduce emissions from their fleets fast enough and therefore needing to buy.