Marine transportation company Seaspan’s subsidiary Seaspan Energy and climate solutions provider Anew Climate announced a new strategic agreement aimed at offering a more sustainable fuel option for ship owners through the offer delivery of renewable liquefied natural gas (R-LNG) to customers on the North American West Coast.
Renewable natural gas (RNG), or biomethane, is produced from organic waste, such as agricultural, industrial, and household wastes, and is chemically identical to fossil-based natural gas, enabling it to support the decarbonization of hard-to-abate sectors such as road transport and heavy industry, without needing to replace existing transmission and distribution infrastructure.
Under the agreement, Anew Climate will supply renewable natural gas (RNG) certified by the International Sustainability and Carbon Certification (ISCC) and provide pre-audit services to Seaspan for ISCC certification. The fuel will meet standards under frameworks including the International Maritime Organization’s (IMO) Net Zero Framework and the EU’s FuelEU Maritime Regulation.
According to the companies, the initiative aligns with emerging IMO guidance aimed at encouraging emissions reductions through the adoption of alternative fuels. Anew Climate and Seaspan plan to identify and develop commercial opportunities to advance the use of certified lower-carbon fuels in the maritime industry.
Harly Penner, President of Seaspan Energy, said:
“We’re proud to collaborate with Anew Climate to forge a new path for lower-carbon marine fuel. This partnership supports our goal to provide cleaner energy solutions to the maritime industry and demonstrates our dedication to innovation and environmental leadership.”
Founded in 2001, and majority-owned by alternative asset manager TPG’s impact investing platform TPG Rise, Texas-based Anew provides climate solutions aimed at helping companies to reduce their carbon footprints and help restore the environment, including technological and nature-based solutions, and marketing of environmental credits for low carbon fuel, carbon, renewable energy, and emissions markets. The company is also one of the largest independent RNG marketers globally, providing services including helping producers to bring RNG to market and buyers to secure supply through offtake agreements.
Andy Brosnan, President of Anew Climate Low Carbon Fuels, said:
“At a time when global shipping is under pressure to decarbonize, this partnership brings together two innovators committed to advancing sustainable solutions. By combining Anew’s expertise in RNG with Seaspan’s marine logistic capabilities, we’re offering a market-leading approach to help shipowners meet evolving emissions requirements and reduce their environmental impact without compromising performance.”
