Bunker One has the exclusive rights to sell NanO2 fuel combustion catalyst, Bunker One and Purify Fuel have enhanced a transformative collaboration through a Joint Supply and Marketing Agreement.
Bunker One and Purify Fuel have enhanced a transformative collaboration through a Joint Supply and Marketing Agreement (JSMA), providing Bunker One with exclusive rights to promote and sell Purify Fuel’s pioneering NanO2 fuel combustion catalyst to the shipping segment. This strategic alliance is designed to bolster the cooperation between Bunker One and Purify Fuel, focusing on supplying and promoting NanO2 to Bunker One’s customers.
Following a successful trial of the NanO2 catalyst on the M/T Alsia Swan in early 2023, where notable fuel savings of 6.4% with MGO and 5.9% with VLSFO were achieved, Bunker One is embarking on a further six-month trial across multiple vessels. Should this trial yield substantial reductions, Bunker One aims to solidify its commitment by entering into a contract with Purify Fuel.
Embracing a stance of perpetual innovation and a willingness to explore novel solutions, Bunker One is dedicated to supporting the decarbonisation of the shipping industry. The intention is to initiate the deployment of this revolutionary technology globally.
In facilitating this collaborative venture, Purify Fuel’s independent sales agent, Inerfuel LLC, has supported Purify Fuel’s NanO2 marketing and distribution efforts. The successful completion of the JSMA underscores the shared commitment to driving industry-wide advancements in eco-friendly shipping solutions.
Peter Zachariassen, CEO of Bunker One, expressed enthusiasm, stating, “The significant fuel savings observed on M/T Alsia Swan were truly impressive. NanO2 could be a pivotal facilitator for shipping lines transitioning to sustainable fuel and a key contributor to meeting the IMO’s carbon targets.”
Scott Whitney, President / CEO of Purify Fuel, said: “Bunker One is the global leader in the marine bunker industry. We are excited about this opportunity to collaborate with them to help the marine shipping industry decarbonise as we are currently doing for other industries, including railroads and the oil and gas drilling sector”.
Stephen Schueler, Chairman of Inerfuel, said: “We are very proud of our partnerships with Purify Fuel and Bunker One. NanO2 is a significant fuel discovery enabling industries to immediately and economically reduce carbon emissions while transitioning to greener and cleaner fuels”.
This ongoing trial and the prospective long-term partnership between Bunker One and Purify Fuel underscore a collective commitment to pioneering sustainable and efficient solutions for the shipping industry.
Source Bunker One