Azolla Delivers Enhanced CASPER Platform to Streamline EU Maritime Fuel Compliance
Azolla, a leading provider of decarbonization solutions for the marine industry, announces the launch of the enhanced CASPER™ platform.
Designed to empower shipowners and fleet operators, CASPER now has advanced features to accelerate compliance with the upcoming EU Fuels for Marine (FEUM) regulation, which will come into force on January 1, 2025.
A Platform Evolving with the Industry
Initially developed to help shipowners manage emissions and comply with the EU Emissions Trading Scheme (EU-ETS), CASPER has evolved into a comprehensive emissions management solution. Recent updates enable seamless FEUM compliance, bringing all regulatory needs into one comprehensive platform.
“EU marine fuels represent a major milestone in the marine industry’s transition to sustainability, and Casper’s mission is to simplify this journey,” said Kiran Shet, Chief Commercial Officer at Azola. “By providing shared market access for surplus and deficit trade, CASPER democratizes and creates an incentive structure for the adoption of renewable fuels, effectively reducing greenhouse gas intensity per unit of energy.”
CASPER – Your comprehensive compliance solution
The updated CASPER™ platform automates compliance calculations and provides real-time data-driven insights on FUEL EU sanctions, compliance balances, and EUA risk. Key features include:
Track Compliance Balance and EULA: Monitor your FUEM compliance balance and track your EUA exposure in real time.
Identify Cost Risk: Instantly calculate potential EU-ETS and EU FUEL penalty risk and plan ahead for optimal cost risk.
Pool Diving: Join or create a group on the global CASPER marketplace, buy or sell excess credits and significantly reduce execution costs!
Dilute Fuel Blends: Perform scenario analysis to derive the optimal biofuel or RFNBO blend for your vessel’s operating model, minimizing penalties and risk.
Biofuel Supply: Access Azolla’s trusted network of biofuel suppliers and expert support to effectively achieve your sustainability goals.
Promote Commitment to Strategic Partnerships
Through strategic partnerships with Vertis Environmental Finance and STX Group, Azolla can now offer a comprehensive solution to meet emissions regulation requirements, building on a solid foundation of EU ETS and FEUM compliance.
“The enhanced CASPER platform reaffirms Azolla’s commitment to accelerating maritime decarbonization. With advanced tools to calculate and track emissions, CASPER ensures that shipowners, pool operators and charterers can meet regulatory emissions standards while identifying cost-saving opportunities, paving the way for a more sustainable future for the maritime sector.” Energy Efficiency and Decarbonization, Azolla.
