FincoEnergies launches FuelEU pool

The new FuelEU Maritime pooling system lets non-compliant ships buy surplus credits from biofuel-powered vessels to become compliant.

IMAGE: FincoEnergies bunkers a vessel with B15 biofuel. FincoEnergies' LinkedIn account.

FincoEnergies has launched a FuelEU Maritime pooling system that allows ships to trade surplus greenhouse gas (GHG) emission credits.

Ships that use the company’s biofuels - which more than meet EU reduction targets - will be allowed to sell the excess compliance they generate to vessels failing to meet FuelEU targets.

The FuelEU Maritime regulation came into effect from 1 January 2025. It requires ships sailing to EU ports to cut their GHG intensity by 2% between 2025-2029, 6% from 2030 and scaling up to 80% by 2050.

FincoEnergies delivered over 100,000 mt of biofuel to ships in 2024, with a portion of that generating surplus compliance that is in excess of their compliance needs. Several of the owners of these ships now seek to sell their compliance surpluses in FincoEnergies' pool.

The Dutch biofuel bunker supplier will oversee the pooling process, from biofuel deliveries to credit allocation and pool verification.

The pool is aimed at shipowners, operators, charterers and technical managers who would rather continue to run their ships on fuel oil and gasoil, and meet compliance targets through emissions accounting in a pool than buying biofuels or other low-emission fuels.

Class society Lloyd's Register helped FincoEnergies with technical guidance in setting up the pool.

Several other FuelEU Maritime pools have been set up by various players in recent months. LNG and liquefied biomethane (LBM) bunker supplier Gasum has a compliance pool, and so do non-supplier startups like BetterSea and Ahti.

Gautamee Hazarika

Please get in touch with comments or additional info to news@engine.online