ResourceWise Expands Coverage of Low-Carbon Fuels into Marine Biofuels with Data Partnership

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ResourceWise, formerly Prima Markets, has announced a strategic partnership with ENGINE to accelerate the decarbonization efforts of the marine industry. This partnership aims to provide stakeholders in maritime operations with vital data for eco-conscious fuel procurement. As the demand for biofuels in the bunkering market continues to grow, reliable benchmarks have become essential for industry players seeking to align their operations with renewable fuel dynamics.

ResourceWise will combine its expertise in biofuel benchmarks with ENGINE’s traditional bunker fuel data to create indexes for key locations such as Los Angeles, Singapore, and Rotterdam. These benchmark indexes, which include a range of bio-bunker options, are based on meticulous research of pricing dynamics, local biofuel markets, fossil fuel supply considerations, and regulatory requirements.

The data series, delivered by ResourceWise and ENGINE, is now available on the Prima CarbonZero platform. This platform provides users with pricing and analytics, market commentary, and industry insights on low-carbon fuel options. It also addresses the economics of future fuels for shipping, such as e-methanol and ammonia.

Matthew Stone, Director of Prima Low-Carbon Fuels at ResourceWise, expressed his pride in partnering with ENGINE to extend their services to shipping firms, bunker blenders, and end users. He highlighted the marine market’s potential to capitalize on the low-carbon transition, stating that ResourceWise provides the necessary data, information frameworks, and market understanding to help firms execute successful strategies in renewables.

This strategic partnership between ResourceWise and ENGINE combines their expertise to deliver accurate and timely bio-bunkering pricing data. As the marine industry increasingly embraces renewable fuels, additional benchmark prices and analyses will be released in the future.

The partnership between ResourceWise and ENGINE is a significant development in the marine industry’s decarbonization efforts. The marine industry is crucial for global trade and transportation, but it is also a significant contributor to greenhouse gas emissions. By providing stakeholders in maritime operations with vital data for eco-conscious fuel procurement, this partnership aims to accelerate the transition to renewable and low-carbon fuels in the industry.

The demand for biofuels in the bunkering market has been steadily increasing as companies recognize the need to reduce their carbon footprint. However, reliable benchmarks are crucial for industry players to align their operations with renewable fuel dynamics effectively. ResourceWise, with its expertise in biofuel benchmarks, will collaborate with ENGINE, which provides traditional bunker fuel data, to create benchmark indexes for key locations in the industry.

These benchmark indexes will include a range of bio-bunker options and will be based on meticulous research of pricing dynamics, local biofuel markets, fossil fuel supply considerations, and regulatory requirements. By combining their expertise, ResourceWise and ENGINE aim to deliver accurate and timely bio-bunkering pricing data to stakeholders in the marine industry.

The data series provided by ResourceWise and ENGINE is now available on the Prima CarbonZero platform. This platform offers users not only pricing and analytics but also market commentary and industry insights on low-carbon fuel options. It addresses the economics of future fuels for shipping, such as e-methanol and ammonia, highlighting the importance of exploring alternative fuel options to reduce emissions in the industry.

Matthew Stone, Director of Prima Low-Carbon Fuels at ResourceWise, emphasizes the marine market’s potential to capitalize on the low-carbon transition. He states that ResourceWise provides the necessary data, information frameworks, and market understanding to help shipping firms, bunker blenders, and end users execute successful strategies in renewables. This partnership with ENGINE expands their services and strengthens their ability to support the marine industry in its decarbonization efforts.

As the marine industry continues to embrace renewable fuels, this strategic partnership between ResourceWise and ENGINE will play a crucial role in providing accurate pricing data and analyses for bio-bunkering. Additional benchmark prices and analyses are expected to be released in the future, reflecting the growing importance of renewable fuels in the industry and the need for reliable market information.

For more information on the Prima CarbonZero platform and the initiatives undertaken by ResourceWise and ENGINE, you can visit ResourcWise’s website.