BHP, NYK, GoodFuels and BLOC (Blockchain Labs for Open Collaboration), announced the successful delivery of biofuels to the NYK-owned bulk carrier Frontier Sky, with CO2 savings verified with BLOC’s blockchain fuels assurance platform.
The biofuel, supplied by GoodFuels, is a ‘drop-in’ marine gasoil (MGO)-equivalent, and was blended with conventional fossil-based MGO in a mix of 30% biofuel to 70% conventional MGO. This delivery saves over 50 tonnes of CO2, equivalent to the greenhouse gas (GHG) emissions of approximately 125,000 miles driven by car, and sets the stage for further savings, driven by switching to this carbon neutral fuel.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
This is an important step for the decarbonisation of BHP and NYK, as the latter wants to reduce its GHG emissions by 30% per ton-km by 2030 compared with a 2015 base year, and 50% per ton-km by 2050.
This solution was provided by BLOC’s initiative Maritime Blockchain Labs and developed together in a consortium led by BLOC and funded by Lloyd’s Register Foundation. The consortium aims to create a system to promote marine fuel traceability and provide a clear chain of custody for better quality assurance.
Hiroshi Kawaguchi, general manager of the Dry Bulk Marine Quality Control Group at NYK, mentioned:
Using sustainable marine fuel like biofuel unlocks significant emissions savings that, alongside increased efficiency, a reduction in downtime, and increased optimisation through hardware innovation and digitalisation, move us towards our science-based GHG reduction targets
Moreover, Deanna MacDonald, CEO, BLOC, explained that they are currently building on an earlier trial undertaken in September and are moving towards validating an important decarbonisation pathway with blockchain technology. They are also further testing the prototype in a real world in order to capture the biofuel delivery from BHP, and to create a complete digital audit trail, with extended functionality for biofuels and emissions tracking.
