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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Boskalis Westminster NV    BOKA   NL0000852580

BOSKALIS WESTMINSTER NV

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Boskalis Westminster : Nederland aiming for 35% CO2 reduction with GoodFuels biofuel

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07/12/2018 | 10:29am EDT

Papendrecht, 12 July 2018

Boskalis Nederland and biofuel supplier GoodFuels have announced a long-term partnership aimed at furthering Boskalis' sustainable practices. Reducing CO2 emissions is one of Boskalis' long-term objectives. A 35% reduction in the CO2 emitted by the fleet and equipment in the Netherlands will be an important step towards achieving this ambition.

From the very start of Boskalis Nederland's cooperation with GoodFuels in 2015, Boskalis has been a firm believer in the potential of advanced biofuels for the shipping industry. The Boskalis on Bio program in partnership with GoodFuels and Wärtsilä has enabled Boskalis to make an essential contribution to the creation of the first global market for advanced biofuels for the shipping industry.

Richard Rijper, managing director of Boskalis Nederland, added: 'The launch of the Boskalis on Bio program has provided Boskalis and Goodfuels with a great deal of knowledge and experience with regard to the use of advanced biofuels. We look forward to continuing the partnership and achieving a substantial reduction in CO2 emissions from our equipment in the Netherlands while making an important contribution to the sustainable realization of infrastructure projects for our clients in the Netherlands.'

Proven performance of advanced biofuel
Various trials conducted by Boskalis Nederland have shown that sustainable biofuels perform excellently while reducing CO2 emissions by an impressive 90% compared to fossil fuels. On the Marker Wadden project in 2016 the Boskalis cutter suction dredger Edax dredged for six months using a B50 biofuel blend, 50% of which consisted of residual products from the paper industry and therefore resulted in a huge CO2 reduction. Boskalis Nederland now uses this fuel not only for its vessels but also for its dry earthmoving equipment and trucks.

Truly sustainable
For Boskalis an important part of the partnership with GoodFuels is that its biofuels are made out of pure sustainable residual flows that do not compete with the food chain or result in the deforestation of rainforests. It all takes place under the supervision of an independent sustainability board consisting of leading NGOs and academics.

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with services including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the oil and gas sector and offshore wind industry as well as salvage solutions. Furthermore, Boskalis has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 10,700 employees, including associated companies, Boskalis operates in 90 countries across six continents.

GoodFuels is a market leader in the development and global distribution of advanced sustainable biofuels. Fuels including HVO, sustainable marine diesel and fuel oil are provided to all transport sectors for which sustainable practices are the best and quickest option (such as the shipping, heavy road transport, rail transport, inland shipping and construction sectors). In doing so companies can achieve a drop of up to 90% in CO2 emissions (well-to-wheel), thus substantially reducing their ecological footprint substantially. GoodFuels' low-fossil and fossil-free alternatives to diesel can be immediately applied. This means that they can be used as 'drop-in' fuel for engines. Learn more about GoodFuels at goodfuels.com

This news release can also be found on our website www.boskalis.com.

Disclaimer

Royal Boskalis Westminster NV published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 13:28:05 UTC

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