Oslo-listed Hoegh Autoliners has teamed up with energy company VARO Energy to develop biofuel solutions.

The Switzerland-based company is a joint venture between investment firm Carlyle Group and Vitol, the Dutch energy group with business operations in fossil fuel supplies and distribution, e-mobility and a growing focus on renewables.

VARO will supply Hoegh Autoliners with various blends of advanced biofuels to help showcase potential ahead of regulations forcing shipping to reduce vessel emissions.