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flag NYK invests in XFuel to convert ship sludge into low-carbon fuel using new technology.

flag Japanese shipping company NYK has invested in XFuel, a firm developing technology to turn waste hydrocarbons like ship sludge into low-carbon marine fuels using its Chemical Liquid Refining process. flag The partnership involves NYK supplying sludge as feedstock and purchasing the resulting drop-in fuels, aiming to reduce emissions without engine or infrastructure changes. flag XFuel recently raised $20 million in Series A funding, including support from NYK and Stolt Ventures, along with a $9 million European grant, to scale production and deploy the technology globally. flag The initiative is part of broader industry efforts to decarbonize shipping through innovative fuel solutions and sustainable practices.

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