Courtesy of Ahti Climate, img source: https://www.offshore-energy.biz/upm-spliethoffs-bore-join-ahti-pool-to-ensure-fueleu-compliance/
UPM, Bore and Ahti Pool Alliance to Accelerate Shipping Decarbonization
The FuelEU Maritime regulation, effective January 1, 2025, mandates a progressive reduction in the greenhouse gas intensity of marine fuels. Non-compliance carries financial penalties, making access to low-carbon fuel credits essential for large shippers and vessel operators seeking both regulatory adherence and cost efficiency.
Strategic Benefits and Impact
| Benefit | Impact |
|---|---|
| Significant CO₂ reductions | An estimated annual saving of 16,000 tonnes of CO₂e for UPM and Bore. |
| Cost-efficient compliance | By pooling credits, members avoid hefty FuelEU penalties and lower fuel expenses. |
| Scalability | The model accommodates additional fleet operators, expanding the low-carbon fuel credit market. |
Statements from Leadership
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Risto-Juhani Kariranta, CEO of Ahti Pool:
“Welcoming UPM and Bore strengthens our network of committed partners and advances our shared objective of near-net-zero carbon maritime transport.” -
Jukka Hölsä, Vice President of Logistics at UPM:
“Ahti Pool’s innovative credit-sharing platform enables us to lower emissions across our supply chain, ensure FuelEU Maritime compliance, and maintain competitive pricing.” -
Janne Kauppila, CEO of Bore:
“Our collaboration with UPM and the broader Spliethoff Group exemplifies how industry participants can collectively accelerate progress toward environmental targets.”
Broader Industry Adoption
Ahti Pool’s membership now spans leading operators, including Neste’s tanker fleet and Van Weelde Group’s Handysize and Ultramax vessels. Earlier this year, marine software provider NAPA integrated Ahti Pool access into its FuelEU Maritime compliance module, further simplifying credit management for its clients. These developments underscore a growing shift toward collaborative, market-based mechanisms for shipping decarbonization and support both EU climate objectives and the International Maritime Organization’s net-zero ambitions.
UPM and Bore have joined Ahti Pool to trade ultra-low-carbon fuel credits, ensuring FuelEU Maritime compliance and reducing CO₂ emissions by about 16,000 tonnes annually, while fostering a scalable, market-based approach to maritime decarbonization.
