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Dutch company GoodFuels has partnered with South Korean company Hyundai Glovis, the logistics company behind the Hyundai, Kia and Volkswagen car brands. Hyundai Glovis' ships are to run on GoodFuels biofuels.

Shipping accounts for nearly 3 percent of all CO2 emissions worldwide. But like aviation, shipping remained out of touch for a long time when it comes to international climate regulations. Until the Paris climate agreement was formed. The sector must reduce emissions by 70 percent by 2050. Starting in 2024, shipping, like other sectors, will fall under the . That means companies in the sector will have to pay for the CO2 emissions they cause.

Biofuels from waste residues and oils

Making shipping more sustainable is . For example, most ships sail on polluting fuel oil, diesel and LNG. These fuels must be replaced by more sustainable variants, such as hydrogen, methanol or biofuels.

The latter is what the Dutch company GoodFuels is focusing on. The company makes biofuels from waste, vegetable oils and animal fats for shipping. Sailing on biofuels provides a CO2 reduction of 80 to 90 percent compared to sailing on fossil fuels, according to GoodFuel.

Ships from Hyundai Glovis

GoodFuels will now supply biofuels to Hyundai Glovis, the logistics and transportation arm of the Hyundai, Kia and Volkswagen car brands. Ships of the company will soon run on biofuels. Tae-Woo Kim, Senior Vice President at Hyundai Glovis said, "As we strive to provide efficient and sustainable marine transportation to global automakers, we are delighted with the results of biofuels."

Hyundai Glovis' first vessel has been refueled with 500 tons of biofuel and can sail without engine modifications. The South Korean company eventually plans to run all of its 153 vessels on the renewable fuel.

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