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2015-10-07

Wärtsilä Oyj Abp: Wärtsilä to collaborate with GoodFuels Marine and Boskalis in marine bio-fuels programme

Wärtsilä Corporation, Press release, 7 October 2015 at 4 pm EET

A consortium comprised of Wärtsilä, GoodFuels Marine, and Boskalis will head a
two year pilot programme to accelerate the development of sustainable,
scalable and affordable marine bio-fuels. Bio-fuels are today not part of the
marine fuel mix that operators and owners can choose and this means that
shipping is missing an opportunity to utilise what should be an
environmentally friendly fuel option.

The programme's focus will be on identifying suitable marine biofuels,
securing industry certification, and preparing the building blocks for
large-scale production. Additionally, the consortium will initiate a global
scalability study involving leading ship owners, universities, NGOs, ports,
bio-fuel companies and other industry stakeholders. The aim will be to
identify tangible opportunities for scaling supply to the world's commercial
shipping fleet.

The consortium will test several next generation bio-fuels made from
industrial waste streams, at the Wärtsilä laboratory in Vaasa, Finland before
'sea trials' are carried out on vessels within Boskalis' global fleet. With
the objective of developing a fuel mix that is fully sustainable, the
programme seeks to promote a reduced carbon footprint (up to 90% versus
fossil fuels) for the maritime sector. The consortium believes that these
bio-fuels will play a viable role in lowering emissions to levels that no
other fuel can currently achieve without a capital-intensive fleet renewal or
retrofitting.

"Wärtsilä, together with its customers, is highly committed to continuously
finding better, more sustainable marine engine solutions. This is another
great example of that commitment, whereby we support pioneering innovations
that provide ship operators with greater flexibility and choice about how
they can reduce emissions," says Roger Holm, Senior Vice President, Engines,
Wärtsilä Marine Solutions

Theo Baartmans, COO of Boskalis, the Netherlands based dredging and marine
services specialist, commented: "We strongly believe in the need for
sustainable "drop in" marine bio-fuels and their potential as part of the
long term fuel mix, as we see them as an important means of improving the
sustainability of the industry. Participating in this pilot and making our
vessels available is in line with Boskalis' approach to seeking innovations
that work hand in hand with sustainability."

GoodFuels Marine is a company based in the Netherlands specialising in
sustainable marine fuels. The company's CEO, Dirk Kronemeijer, added: "We
believe that the international shipping market is now ready and well-placed
to embrace truly sustainable, long term alternative fuels that can meet all
stringent technical, economical and sustainability standards, just as
witnessed in the sustainable jet fuel market five years ago. As the shipping
industry seeks means of contributing towards carbon and wider emissions
reduction, we are hugely excited to be part of such a strong consortium with
the expertise and motivation needed to achieve this bold mission."

Drop in bio-fuels are liquid hydrocarbons that are functionally equivalent to
petroleum derived fuels, meaning that they can be effectively interchanged
with conventional fuels. Minimal engine modifications may be necessary in
some cases.

Link to image

Caption: The bio-fuel test engine in the Wärtsilä laboratory in Vaasa,
Finland.

Media contacts:

Mr Henrik Wilhelms
Director, Sales Support
Wärtsilä Marine Solutions
Tel: +358 40 501 0629
henrik.wilhelms@wartsila.com

Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Marine Solutions
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund@wartsila.com

Wärtsilä in brief:

Wärtsilä is a global leader in complete lifecycle power solutions for the
marine and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximizes the environmental and economic performance of
the vessels and power plants of its customers.
In 2014, Wärtsilä's net sales totalled EUR 4.8 billion with approximately
17,700 employees. The company has operations in more than 200 locations in
nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX
Helsinki, Finland.
www.wartsila.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire

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