Neste joins Ahti FuelEU Maritime compliance pool

Neste has signed a Letter of Intent (LOI) with Ahti Pool to include Neste’s EU- exposed fleet into Ahti’s FuelEU Maritime compliance pool. This takes Ahti Pool’s total vessels under management to almost 250.

Ahti Pool provides the easiest and most cost-effective way to comply with the FuelEU Maritime regulation. Each ship in Ahti Pool efficiently shares the compliance burden with other pool members, and collectively benefits from the pool’s economies of scale. Ahti Pool is the only fully neutral FuelEU Maritime solution, and not shackled to any compliance option.

With European rules targeting an increase in the share of renewable fuels in transport to at least 14 per cent by 2030, there will be a major rise in the need for lower-emission energy products. Neste’s vessel fleet, including e.g. raw material and end product tankers, as well as dual-fuel LNG and methanol vessels, plays a crucial role in Neste’s transports in Europe and around the world.

Sander Wilgenhof, Head of Shipping at Neste, commented: “FuelEU Maritime is the first regulation affecting the ‘well to wake’ GHG intensity of our vessels and creates a new level of compliance complexity for us. Working with Ahti will be a cost-effective way for Neste’s fleet to fulfil its FuelEU Maritime obligations, while it also enables a possibility to create an additional revenue stream from selling positive compliance balance created with the ultra-low-carbon vessels in our fleet.”

Risto Kariranta (pictured), Ahti Pool’s CEO, commented: “We are excited to welcome Neste’s fleet, and we look forward to working with the global leader in renewable diesel and sustainable aviation fuel to help Neste create an additional revenue from the FuelEU Maritime compliance surplus.”