John Fredriksen companies are working on a new biofuel

Tanker carrier Frontline is now working with partner TFG Marine supplying marine biofuel at the Port of Rotterdam. The first Frontline ship has already bunkered the fuel in Rotterdam

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

John Fredriksen's tanker carrier Frontline and fuel supplier TFG Marine, of which Frontline is a co-owner, have commenced a joint project to develop the new fuel.

Both companies have John Fredriksen as a prominent investor, and the project thus marks the entry of the Norwegian-Cypriot shipping billionaire into the green transition.

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