Danish owner-operator Norden has doubled down on its commitment to using bio-oil bunkers in the future by buying a stake in a biofuels production company.
The firm said it has bought a minority stake in MASH Makes, a Danish-Indian biofuel scale-up, which researches, develops and produces renewable fuels from biomass waste.
The strategic partnership will give Norden access to bio-oil fuel at what it called “favourable pricing” and give the company a hand in the research and development of renewable bio-oils that it could use in the future.
