A new partnership to accelerate investment into clean fuels such as biofuels, e-fuels and green hydrogen derivatives has been formed between H2C and Lloyd’s Register.
H2C is a global attribute market platform for low-carbon fuels. The aim of the strategic collaboration with Lloyd’s Register is to enable greater confidence in the allocation of emissions claims across complex maritime value chains.
Lloyd’s Register will provide assurance that the claims rights embedded in Green Premium Certificates [GPCs] are valid, exclusive and appropriately priced, helping GPC buyers demonstrate compliance under schemes such as FuelEU Maritime, the IMO’s Lifecycle Assessment Guidelines and the Corporate Sustainability Reporting Directive (CSRD).
The H2C registry enables the environmental attributes of low-carbon fuels to be contractually separated from the fuel molecules themselves, so that many downstream actors, such as shipowners, cargo operators and retail brands, can contribute to green fuel financing through the purchase of unbundled certificates.
“Our collaboration with Lloyd’s Register ensures that certificates represent defensible, auditable claims for emissions reporting,” said Peter Ellen, CEO of H2C. “More importantly, this assurance gives the market confidence to fund premiums and accelerate deployment. It is about creating the economic conditions for transition, so that producers can produce, shipping companies manage compliance costs and green shipping services provide value added revenue.”
“Shipping must decarbonise, but it cannot do so alone,” said Nick Gross, Lloyd’s Register Global Containerships Segment Director. “By assuring the provenance and claims integrity of certificates, LR helps buyers across the supply chain fund and verify their contribution, without relying on offsetting or unverified market instruments.”
