GoodFuels secures funding from Dutch investment firm

GoodFuels - a specialist provider of advanced biofuels for the shipping and heavy land transport sectors - has confirmed that it has secured a major investment round with Amsterdam-based investment fund Social Impact Ventures (SIV).

The investment is to be used to boost product development and accelerate international growth, GoodFuels said.

Helmer Schukken, partner of Social Impact Ventures, commented: "GoodFuels makes the heavily polluting shipping industry cleaner by developing and supplying advanced and sustainable marine biofuels. These fossil free fuels are one of the few options available today to drastically reduce the carbon footprint of shipping over the next decade, which is very much needed, as indicated by the recently published International Maritime Organisation's (IMO) targets for a 50 pecent reduction in CO2 by 2050.

"In GoodFuels and its leading Green Cargo Program, GoodShipping, we find an ambitious and impact-driven team, perfectly positioned to accelerate the transition to clean, low carbon and truly sustainable fuels. As Social Impact Ventures we are proud to support this high impact cause."

Dirk Kronemeijer, CEO, GoodFuels, remarked: "Of many interested investors, SIV best understood our mission to deliver both global impact as regular value creation goals. We think SIV will be a great partner to help us grow our company into the first global sustainable fuel brand in the world."

ABS introduces nuclear-ready notation for marine and offshore assets

The classification society has released what it describes as an industry-first notation to support future nuclear conversion of vessels and offshore assets.

AiP handover ceremony for NEXTGEN Energy Hub (NGEH) design.

ABS grants approval in principle for Seatrium’s NEXTGEN Energy Hub design

The hub concept integrates ammonia bunkering, power generation and electric vessel charging in a single unit.

Jumbo orders two methanol-ready L-Class heavy lift vessels from Dajin Heavy Industry

Dutch heavy lift specialist Jumbo signs newbuilding contract for two 25,000-dwt vessels.

Zhoushan completes first bonded bunker operation at Majishan port area

The operation marks full fuel supply coverage across all general cargo terminals in Zhoushan's port system.

Port of Long Beach launches $1m methanol bunkering challenge for oceangoing vessels

A $1m prize aims to kick-start commercial methanol bunkering at one of North America's busiest ports.

Greece floating nuclear study finds no fundamental barriers to implementation

A PESTLE assessment of floating nuclear power plants in Greece identifies framework gaps, not feasibility barriers.

Northern Pathliner alongside Bergen LNG vessel.

Molgas completes LNG cool-down and bunkering for Northern Pathliner at Northern Lights terminal in Norway

Operation carried out at Øygarden facility, with K Line and Integr8 Fuels in the supply chain.

G2 Ocean expands fleet with six future-fuel ready gantry crane vessels

Open hatch specialist adds vessels and jet sail technology as part of a broad fleet renewal programme.

CMA CGM Adventure vessel at Port of Mombasa.

LNG-powered CMA CGM Adventure makes first call at the Port of Mombasa

Kenya Ports Authority receives its first large LNG-fuelled container vessel.

Maritime trio shapes IMO safety guidelines for ammonia as marine fuel

Real-world operational experience feeds directly into new IMO ammonia fuel safety framework.

GoodFuels secures funding from Dutch investment firm

Investment to be used to boost product development and accelerate international growth.

Fuels & Propulsion

Recommended