H2C and Lloyd’s Register Join Forces to Accelerate Maritime Fuel Switching
Edinburgh, London, Dubai and Singapore, 12th September 2025 — H2C, the global attribute market platform for low-carbon fuels, today announced a strategic collaboration with Lloyd’s Register (LR), a global leader in maritime compliance, assurance and risk management. This partnership is designed to enable greater confidence in the allocation of emissions claims across complex maritime value chains, accelerating investment into clean fuels such as biofuels, e-fuels and green hydrogen derivatives.
Under this collaboration, Lloyd’s RegisterLR will provide assurance that the claims rights embedded in 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. Through their deep experience of compliance submissions, Lloyd’s RegisterLR also provides price discovery services to guide certificate issuance on the H2C market. This model addresses a core barrier to transition: the inability of high-volume, low-margin shipping companies to absorb green premium costs at the point of fuel use.
“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.”
The majority of low carbon fuel producers require forward purchasing commitments to underpin financing of their production facilities, whereas legacy fuels thrive in a spot market. In recognition of this H2C provides standard methods for producers to secure verified, advance certificate orders to support bankable production projects.
“Shipping must decarbonise, but it cannot do so alone,” said Nick Gross, LR’s Global Containerships Segment Director. “By assuring the provenance and claims integrity of certificates, Lloyd’s Register helps buyers across the supply chain fund and verify their contribution, without relying on offsetting or unverified market instruments.”
This collaboration reinforces H2C’s commitment to scaling a globally interoperable certificate market that activates early-stage investment and supports compliance with rapidly evolving regulations. The joint solution offers a critical market infrastructure layer, aligning economic incentives, regulatory assurance and environmental integrity.
About H2C
H2C is an international market enabling the decarbonisation of global supply chains through the use of Green Premium Certificates (GPCs). These are unitised certificates that verify the origin and environmental attributes of low-carbon fuels, including green ammonia, e-fuels and advanced biofuels. Founded with support from global partners, H2C was created to accelerate investment into clean fuels by unbundling environmental claims from fuel molecules.
These fuels, produced using renewable energy, biogenic inputs or captured carbon, offer viable and scalable alternatives to fossil fuels in sectors such as shipping, aviation, heavy industry and logistics. Green hydrogen and its derivatives are zero-carbon at the point of use. E-fuels deliver synthetic hydrocarbons with closed-loop carbon cycles, and biofuels provide renewable, drop-in solutions with certified lifecycle emission reductions.
In today’s market, only a small fraction of green fuel producers have secured offtakers due to the high cost premiums over fossil-based alternatives and the lack of a viable spot market for their fuels. H2C addresses this constraint by allowing multiple downstream actors, from logistics providers and port authorities to industrial users, consumer brands and retailers, to finance green premiums and make verified Scope 1, 2 and 3 emissions claims.
By separating the purchase of GPCs from physical fuel transactions, H2C enables greater market participation, improves liquidity and drives final investment decisions in production. The platform is interoperable with multiple international standards and offers a scalable solution for compliance with emerging regulatory regimes such as FuelEU Maritime and the IMO’s lifecycle-based fuel measures.
Through its book-and-claim registry, H2C maintains custody and causality of each certificate, ensuring that environmental claims are valid, exclusive and aligned with regional carbon accounting rules. This approach empowers a new class of climate leaders across industries to deliver decarbonisation, activating resilient, multi-tenanted supply chains for the low-carbon fuel economy.
About Lloyd’s Register
Lloyd’s Register (LR) is a global professional services group specialising in marine engineering, technology and digital solutions. We were created more than 260 years ago as the world’s first marine classification society to improve and set standards for the safety of ships.
Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.
Our digital solutions are relied upon by more than 30,000 vessels, following the acquisition of OneOcean in 2022 and Ocean Technologies Group in 2024.
In the race to zero emissions, our research, advisory and technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.
Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.
www.lr.org
Lloyd’s Register plays a leading role in the maritime energy transition, supporting the shift to low-carbon fuels and compliance with emerging lifecycle-based regulations. Through this partnership with H2C, LR is providing assurance over GPCs, helping participants in global shipping and logistics markets demonstrate valid emissions claims and unlock the financing required to decarbonise.
Press Contact
For H2C:
Peter Ellen, CEO
info@h2c.org
www.h2c.org
For Lloyd’s Register:
Glenn Harris, Media Relations Lead
glenn.harris@lr.org
07809 757 779
www.lr.org
.
