AHTI Climate has announced a landmark partnership with Neste, a global leader in renewable diesel and sustainable aviation fuel (SAF), to include Neste’s entire EU-exposed fleet in the AHTI Pool. This collaboration will provide Neste with a robust and cost-effective solution to comply with the stringent requirements of the FuelEU Maritime regulation while reinforcing its commitment to sustainability and decarbonization in the shipping sector.
Pooling to Simplify Compliance
Under the FuelEU Maritime regulation, vessels must meet strict carbon intensity reduction targets, requiring innovative approaches to manage compliance costs. AHTI Climate’s pooling model offers a smart and effective solution by allowing fleet operators to use ultra-low-carbon fuels like e-methanol or bio-LNG on selected vessels and share the compliance benefits across their entire fleet.
Pooling compliance minimizes the high costs associated with alternative fuels while ensuring regulatory adherence. It also creates a marketplace for compliance credits, enabling members to buy and sell credits, further reducing costs. This model ensures that compliance efforts are concentrated where they are most efficient and impactful, offering significant cost savings and operational flexibility.
“We are thrilled to welcome Neste to the AHTI Pool and collaborate with Sander Wilgenhof, Head of Shipping at Neste, and his team in delivering the most efficient and cost-effective compliance solution under the FuelEU Maritime regulation. This partnership reflects our shared commitment to driving sustainability and innovation in the maritime sector, and we are excited to support Neste in their journey toward greener shipping practices. Together, we will unlock new opportunities for cost-efficient compliance while contributing to the decarbonization of the industry,” said Risto-Juhani Kariranta, CEO of AHTI Climate.
Neste’s Leadership in Sustainability
Neste’s decision to join the AHTI Pool aligns with its ambitious sustainability goals, including:
- Carbon-neutral production by 2035: Neste is working to decarbonize its operations while maintaining high efficiency.
- Reduction of carbon intensity by 50% by 2040: The company aims to make its products significantly greener.
- Customer emissions reduction: Neste is committed to helping its customers reduce greenhouse gas emissions by at least 20 million tons annually by 2030.
With its inclusion in the AHTI Pool, Neste is taking a proactive approach to maritime decarbonization. This move also supports its broader sustainability objectives, including transforming its Porvoo refinery in Finland into the most sustainable refinery in Europe.
AHTI Climate: Driving the Green Transition
Inspired by Finnish mythology, where Ahti is a sea god who ensures safe voyages, AHTI Climate leverages this spirit of resilience and guidance to support the maritime industry’s green transition. Since its inception, AHTI Climate has focused on turning complex regulatory challenges into opportunities for the shipping industry.
The AHTI Pool provides a seamless platform for fleet compliance with FuelEU Maritime regulations. Its tools simplify fuel selection, optimize emission compliance costs, and enhance the overall efficiency of the maritime supply chain.
FuelEU Maritime Regulation
FuelEU Maritime is designed to reduce the carbon intensity of shipping operations. Key points include:
- Targets apply to vessels above 5,000 GT.
- Covers 100% of voyages between EU ports and 50% of voyages involving an EU port.
- Non-compliance penalties are imposed on shipowners, with costs often passed to operators.
By pooling resources through AHTI Climate, companies like Neste can comply with these regulations effectively and affordably.
About Neste
Neste (NASDAQ Helsinki: NESTE) is a global leader in renewable fuels and circular economy solutions. The company uses science and innovative technology to transform waste and other raw materials into renewable diesel, sustainable aviation fuel, and circular feedstocks for polymers and chemicals. With a mission to combat climate change, Neste recorded a revenue of €22.9 billion in 2023 and is consistently recognized among the world’s most sustainable companies.
About AHTI Climate
AHTI Climate is a pioneering platform providing digital tools and pooling solutions for maritime logistics. The company’s mission is to make shipping’s green transition affordable and achievable. AHTI Climate transforms regulatory challenges into opportunities, optimizing fuel consumption and emissions compliance across the maritime sector.
The partnership between AHTI Climate and Neste represents a significant advancement in the maritime industry’s push toward sustainability. By combining Neste’s leadership in renewable fuels with AHTI Climate’s innovative compliance solutions, this collaboration sets a new benchmark for achieving regulatory compliance while advancing decarbonization in shipping.
Source AHTI Climate