I've been monetizing CO2 for a long time - mostly indirectly, via performance/efficiency/reliability gains, as well as energy and water reduction projects in my petrochemical clients' facilities. In order to monetize something, you need to be able to certify - whether it's through empirical measurement or some kind of scheme (which is usually based on a benchmark empirical measurement carried out with some frequency). Fuel has been a borderline commodity market for a long time - the end user gets a seamless experience that what they're putting in their engine meets a minimum specification overseen by global/national class societies (ASTM etc). The main difference between the various brands is usually what cocktail of additives (key products from my previous employers) are blended to that baseline product to keep their customer base coming back for more. Generally speaking for the average consumer, 10-15% difference in engine efficiency isn't worth a 6-15p/liter price increase... but for specialty vehicles and fleet managers, those performance boosts certainly add up proportionate to the mileage covered. As we move to renewable fuel sources, customers are no longer just looking at the performance impact of what they're buying - they're also actively factoring in the CO2 footprint of their energy sources. To maintain integrity and trust with the public, fuel vendors need to be vigilant that what they're selling is actually what's on the label. I'm having a lot of fun digging into the issue of provenance at it pertains to the CO2 footprint of fuel sources- this is something HutanBio will have to make decisions on as we scale up operations and work with bunkering companies. Have you got any recommended reading for me? #FuelingOurFuturePlanet
𝐂𝐚𝐧 𝐮𝐬𝐞𝐝 𝐜𝐨𝐨𝐤𝐢𝐧𝐠 𝐨𝐢𝐥 𝐛𝐞 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐛𝐥𝐚𝐜𝐤 𝐠𝐨𝐥𝐝? Only if we can verify its legitimacy. In recent years, the shipping sector has increasingly turned to liquid biofuels, especially those made from Fatty Acid Methyl Esters (FAME), to reduce emissions. 🌱🚢 When used cooking oil is the feedstock, the FAME product is called Used Cooking Oil Methyl Ester, or UCOME. UCOME is one of the FAME products that meets IMO's requirement of having a well-to-wake GHG emissions reduction of at least 65% compared to fossil Marine Gas Oil. ♻️ However, there's a growing concern about the legitimacy of UCOME due to a surge in "mislabeled" products in the market. ⚠️ The European biodiesel industry and the US biofuels sector have raised concerns about the origin of UCOME imports from China. Labelled as made with recycled oils and fats, the surging volumes of UCOME imports are suspected to be produced from cheaper and less sustainable virgin oils. While existing international certification schemes play a crucial role in certifying various FAME products, their primary reliance on retrospective audits may limit their ability to prevent fraudulent practices, especially in real-time detection of fraud. 🔍 To address this industry challenge, GCMD, in collaboration with VPS, has developed a technique to identify FAME's origin through its unique chemical fingerprint. FAME fingerprinting is based on the principle that the fatty acid profile of FAME is unique to its feedstock and can be preserved during feedstock transesterification to produce FAME. The "fingerprint" can then be compared against a database of known fatty acid profiles to identify the feedstock origin. This technique can improve transparency when tracing the origin and presence of FAME in marine fuels supply chains. Our fingerprinting report will be ready soon and will cover the following: ➡️ What is a FAME fingerprint? ➡️ Fingerprinting FAME in residual marine fuels ➡️ Forensic analysis of FAME's origin ➡️ Methodology to acquire FAME fingerprints Follow us now to be among the first to receive this report! 🔔 https://lnkd.in/gyjb75qb #GCMDUpdates
CEO and Founder at OptiCat R2V Pte Ltd
1wKeep up the great work Brittany Hook Lanz Chan, PhD EVES ENERGY #Crude #Algae #Oil #Dry #algae #Cake #EnergyTransition #SAF #Renewable #Diesel #HVO #Biofuel #Marine #bioplastics #Animal #Nutrition #vision and #leadership