ResourceWise and ENGINE have announced a strategic partnership and the launch of new bio-bunker benchmarks on the Prima CarbonZero platform, offering data to shipping stakeholders to support eco-conscious fuel procurement.
The partnership will combine ResourceWise’s expertise in biofuel benchmarks with ENGINE’s traditional bunker fuel data, creating indexes for Los Angeles, Singapore, and Rotterdam.
In the initial offering, users will have access to eight bio-bunker indexes for different fuel types, with benchmarks based on pricing dynamics that are adapted for local biofuel markets, fossil fuel supply considerations, and regulatory requirements.
In Europe, the series indexes bio blends according to whether they are eligible for rebates under the Dutch HBE system. Specifically, bio blends composed of advanced bio-based feedstocks as per Annex IX Part A of the EU’s updated Renewable Energy Directive (RED II) include deductions according to ResourceWise’s daily assessment of HBE ticket prices.
Prima CarbonZero is a low-carbon fuel and feedstocks platform that combines pricing and analytics for evaluation of future fuels for shipping, including e-methanol and ammonia.
“We are proud to work with ENGINE to extend its services to shipping firms, bunker blenders, and end users looking to reduce the emissions profile of their products as they cross the globe,” said Matthew Stone, Director of Prima Low-Carbon Fuels at ResourceWise.
“The marine market is the latest entrant to the renewables space. We have a long history of helping firms across different verticals develop and execute their emissions reduction strategies.”
“The company provides the data, information frameworks, and deep understanding of the market, from feedstocks to renewable fuels, that allow firms to execute successful strategies in renewables.”
