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In 2019, we invested in the start-up MASH Energy. They produce biofuel from agricultural waste after harvesting.
For biofuel to be sustainable it is crucial that the harvesting of biomasses does not compete with food chains or the environment in any other way. Biofuel is therefore not an ideal way for shipping to decarbonise due to the availability of biowaste for its production. But it is a very cost-efficient supplement to fossil fuel until we have a sustainable fuel type in place, as it requires minimal/no changes to our ships. We are currently working towards testing MASH biofuel fuel on a DFDS vessel.