Statement

STX Group, a leading global firm in environmental commodities trading and climate finance, and Azolla, a key decarbonization solutions provider to the maritime industry, announce the launch of their latest maritime decarbonization solution, FUEL EU compliance unit .

This partnership combines Azolla’s extensive expertise in supporting the maritime sector’s decarbonization journey with STX Group’s deep-rooted capabilities in environmental commodities and climate solutions. The FuelEU Compliance Unit enables vessels within the CASPER's ecosystem to pool together with select ships using renewable fuels such as biofuels or bio-LNG, enabling compliance through shared renewable fuel credits across the pool. This innovative approach allows shipowners to stay ahead of regulations without the logistical complexity of individual fuel sourcing and management.

"This unique partnership offers owners the opportunity to pre-book compliance balance surpluses, enabling them to meet regulatory requirements at a reduced cost. More importantly, democratising access and establishing an incentive structure for vessels with compliance surplus to sell credits promotes the adoption of alternative fuels, effectively lowering the GHG intensity per unit of energy. Hence, by pre-booking, owners can secure the necessary surpluses well ahead of the compliance deadline, ensuring both financial and environmental benefits", said Kiran Shet, Business Head at Azolla.

“This strategic FuelEU Compliance Initiative offers Azolla’s fleet an easy access to renewable fuels while advancing maritime decarbonization,” said Maciej Antczak, Managing Partner at STX Group. “By utilizing renewable fuels in the pooling approach, we provide a cost-effective, efficient and scalable solution to reduce vessel emissions. This enables shipowners and operators to meet regulatory requirements while avoiding penalties, all while actively contributing to a more sustainable future for shipping.”

Through a strategic collaboration with Vertis Environmental Finance, an STX Group company, Azolla has already built a strong foundation for ETS compliance. Now, with this expanded partnership between Azolla and STX for the FuelEU Compliance Unit, the two companies are positioned to deliver a comprehensive suite of compliance solutions for emission regulatory requirements.

Through this partnership, both parties aim to significantly reduce the cost of FuelEU Maritime compliance for shipowners and managers, promote the broader adoption of renewable fuels in the maritime industry and showcase their shared commitment to reducing the carbon footprint of the global shipping industry. Moving forward, STX Group intends to extend this solution to other market participants, making it available to a broader section of the maritime industry.

About Azolla

Azolla Pte Ltd, a Synergy Marine Group company based in Singapore, is dedicated to helping shipping companies discover their profitable pathways to decarbonization. By providing a comprehensive range of digital decarbonization solutions, carbon abatement consulting, and retrofit project management, Azolla empowers the maritime sector to meet emissions targets and stay compliant with evolving regulations.

With a track record that includes carbon abatement analyses for over 100 vessels, 50+ energy efficiency technology installations, 17+ propeller upgrades, and 50+ ballast water treatment system installations, Azolla delivers solutions that align operational goals with long-term environmental responsibility.

About STX

STX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years, STX teams have continued to be at the forefront of the global transition towards a low-carbon economy. Leveraging our long-standing expertise in accurately pricing pollution and emissions, it helps cultivate trust in market-based solutions to the decarbonized economy.

Through STX Group’s trading and corporate climate solutions offerings, capital flows to thousands of projects that make the world a greener place, while providing corporations with the certified proof-points of their contributions to environmental progress.

Headquartered in Amsterdam with offices in 14 countries worldwide, STX’s global team, inclusive of Vertis and Strive, comprises of over 500 employees of more than 60 nationalities.

For more information, please visit stxgroup.com