The trio will head a two year pilot programme to accelerate the development of sustainable, scalable and affordable marine bio-fuels.

"Bio-fuels are today not part of the marine fuel mix that operators and owners can choose and this means that shipping is missing an opportunity to utilise what should be an environmentally friendly fuel option," Wartsila said.

The programme's focus will be on identifying suitable marine bio-fuels, securing industry certification, and preparing the building blocks for large-scale production.