September 1, 2025 — Swedish shipping company Furetank has strengthened its position as one of Europe’s most proactive operators in maritime decarbonization, unveiling two major initiatives: a full transition of its EU-based fleet to biomethane and the creation of a new carbon trading subsidiary.
Fleet Powered by Biomethane
Furetank announced that its modern Vinga-series dual-fuel tankers will run entirely on mass-balanced biomethane during 2025. The renewable fuel is produced from biogas sourced from agricultural and organic waste, injected into the European gas grid, and then allocated to end users under a certified mass-balance system.
This approach ensures compliance with the EU’s FuelEU Maritime regulation, which allows biomethane to be recognized as a sustainable marine fuel even when it is withdrawn from the general grid rather than delivered directly to vessels. The arrangement is supported by a long-term supply partnership with energy trader Cargill and liquefaction and distribution handled by Titan Clean Fuels.
By switching to biomethane, Furetank expects to significantly reduce its greenhouse gas emissions compared with conventional LNG or marine fuels, while avoiding costly retrofits to its fleet’s existing dual-fuel engines.
Launch of CO2mpliance
Complementing its clean-fuel strategy, Furetank has established a new subsidiary called CO2mpliance. The business will manage the company’s obligations under the EU’s FuelEU framework and also provide services to third-party operators.
Under FuelEU Maritime, which enters into force in 2025, shipping companies must gradually cut the greenhouse gas intensity of their energy use by 2% between 2025 and 2029, rising to 80% by 2050. Operators who exceed reduction targets can sell surplus credits, while those who fall short must buy credits or face financial penalties.
CO2mpliance will act as Furetank’s dedicated platform for monitoring emissions performance, executing compliance transactions, and facilitating the trade of surplus reductions with other companies. According to the company, this service will simplify administrative and financial burdens for operators struggling to adapt to the new regulatory landscape.
“By shifting our fleet to biomethane, we are not only reducing emissions but also generating surplus reductions we can trade,” said Viktoria Höglund, CEO of CO2mpliance. “Our new arm will also support other operators in managing their compliance obligations, just as our chartering division manages commercial operations for clients.”
Industry Implications
Furetank’s two-pronged strategy—fuel decarbonization combined with carbon credit trading—places it among the earliest movers in preparing for FuelEU’s enforcement. The company’s steps are seen as a blueprint for how mid-sized tanker operators can align with Europe’s ambitious climate goals while turning compliance into a commercial opportunity.
Analysts note that this development could encourage more owners to adopt biomethane or similar renewable fuels, especially as fuel supply chains expand and certification systems mature. At the same time, the creation of CO2mpliance highlights the growing importance of emissions trading as both a compliance tool and a revenue stream for early adopters.
A Forward-Looking Approach
Furetank’s announcement underscores the shipping industry’s accelerating push toward greener operations. By committing its EU fleet to biomethane and offering carbon compliance services to others, the company is aiming not only to meet regulations but also to shape how the industry adapts to them.
The initiatives reflect a broader transformation in maritime transport, where fuel choice, regulatory compliance, and carbon markets are increasingly intertwined in the journey toward net-zero emissions.
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