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NYK invests in XFuel to convert ship sludge into low-carbon fuel using new technology.
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.
The partnership involves NYK supplying sludge as feedstock and purchasing the resulting drop-in fuels, aiming to reduce emissions without engine or infrastructure changes.
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.
The initiative is part of broader industry efforts to decarbonize shipping through innovative fuel solutions and sustainable practices.
NYK invierte en XFuel para convertir el lodo de los buques en combustible de baja emisión de carbono utilizando una nueva tecnología.