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GoodFuels, REG to supply and develop marine biofuel

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Sustainable marine biofuels supplier GoodFuels and Renewable Energy Group (REG) have entered into a long-term agreement for the supply and development of marine biofuel.

With REG’s expertise in biofuels and GoodFuels’ ‘pioneering strengths’, both firms are playing an important role in enabling the decarbonisation efforts for shipping companies.

This announcement reinforces GoodFuels’ mission to become the favoured green fuel supplier for all shipping segments and ambition to scale up the production of advanced marine biofuels ‘in the right way’ using sustainable feedstocks.

“At GoodFuels, we collaborate with impact-driven partners to advance sustainable shipping with our instant decarbonisation solution,” said Bart Hellings, chief operating officer at GoodFuels.

“Our sustainable marine biofuels are in a prime position to deliver on immediate-term climate goals and one of the only options available on the market today.

“We have been closely working with REG for several years, and we foresee a great future together in accelerating the energy transition within shipping.”

REG’s vice-president and managing director of international business, Raymond Richie, said the company is committed to supporting the shipping industry’s decarbonisation by working with GoodFuels to develop marine biofuels.

“Our biofuels are making real carbon reduction happen today and do not require users to make significant changes or technology purchases,” he said. “We look forward to continuing our great partnership with GoodFuels.”