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Blockchain used to track greener marine fuel

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The marine industry is one of many aiming to reduce its greenhouse gas (GHG) emissions by using greener marine fuel to power tankers. As part of a biofuel trial, on January 30th shipping company NYK “bunkered” or stored biofuel in the tanks of a BHP chartered vessel at the port of Rotterdam, Netherlands. The pilot was in collaboration with biofuel company GoodFuels and tracked by blockchain company BLOC. The biofuel is produced from waste oils such as cooking oil and is considered carbon-neutral. Plus the sulfur oxides from biofuels are lower than conventional fossil fuels. This is the second trial involving BLOC and GoodFuels, after an initial test in September.

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