Furetank accelerates decarbonization with biomethane and new carbon trading business
Swedish company Furetank, operator of the Vinga tanker fleet, has announced a major step in its decarbonization strategy. The company has secured large-scale supplies of liquefied biomethane (LBM) for its entire EU-operating fleet and launched a new subsidiary, CO2mpliance, to trade carbon credits under the FuelEU Maritime rules.
Biomethane for the Vinga fleet
Starting in 2025, all Furetank vessels in the EU will run on renewable gas under a partnership with Cargill, Titan Clean Fuels, and BRS Shipbrokers.
-
Cargill produces gas from waste,
-
Titan handles liquefaction and delivery,
-
bunkering operations are already underway.
“This agreement stands out for its scale. FuelEU is driving systemic change, and biomethane is emerging as one of the most accessible compliance solutions,” said Willem Olde Kalter, Head of Biogas and FuelEU at Cargill.
New company: CO2mpliance
By operating on biomethane, Furetank will not only meet FuelEU requirements but also generate surplus emission reductions. To manage these credits, the company has launched CO2mpliance, which will handle both its own allowances and those of other shipowners.
CO2mpliance CEO Victoria Höglund noted:
“We have the expertise to conduct transactions and administration in line with FuelEU. Our setup mirrors Furetank’s chartering department, which already works with external shipowners.”
FuelEU Maritime context
The new EU rules, in force since January 2025, mandate:
-
2% GHG reduction from 2025,
-
up to 80% reduction by 2050.
Shipowners exceeding targets can sell surplus credits, while those failing to comply face penalties.
Having invested in LNG since 2015, Furetank says biomethane provides an instant and scalable pathway to decarbonization, cutting emissions by 150–200% well-to-wake, thanks to avoided and captured emissions during production.
“We have now reached the point we aimed for since converting our first vessel to gas propulsion in 2015,” said Höglund, Furetank’s sustainability strategist.
A strategy of staying ahead
Furetank views the combination of renewable fuel supply and structured carbon trading as a way to stay ahead of regulation — a strategy consistent with its history of early adoption, such as ordering double-hull tankers years before they became mandatory.
