26APR2019 - NEWS - DFDS invests in Bio fuel developer start up

One of the world’s largest freight and passenger ferry operators, DFDS, has invested in biofuel developer start-up company MASH Energy ApS.

MASH Energy ApS produces bio-oil from agricultural waste. The CO2 neutral biofuel can be used in ships, and the residual product is an effective fertilizer. With its investment of up to DKK 10 million (about $1.5 billion), DFDS has become a co-owner of the company with shared responsible for developing a commercially viable alternative to fossil fuels. The plan is to work towards testing the fuel on a DFDS vessel.

MASH Energy, is currently producing biofuel from the by-products of nut processing in Tanzania and India.

“The biofuel is CO2-neutral,” says Jakob Andersen, CEO of MASH Energy, and a lecturer at the Technical University of Denmark, DTU. “During the growth season, the nut trees absorb CO2 that is emitted when the biofuel is combusted.”

Andersen says that in addition, there is a substantial further effect associated with the production of the fuel. The by-product – the so-called biochar – binds CO2 during the production process. The biochar is an efficient fertilizer in the fields where the additional plant growth will absorb large amounts of CO2 from the atmosphere.

Published by Editor - www.Livebunkers.com at 26-Apr-2019 05:18:55 [UTC] , contact editor at editor@livebunkers.com