DFDS investing up to $1.5 million in MASH Energy producing biofuel from nut waste

In Denmark, DFDS is investing in the start-up company MASH Energy ApS that produces biofuel from agricultural waste, currently from the by-products of nut processing in Tanzania and India. The biofuel is CO2 neutral and can be used in ships. In addition, the residual product is an effective fertiliser and will also contribute to reduce the CO2 balance.

Together with Mash Energy, the goal is to develop a commercially viable alternative to fossil fuels, including testing on a DFDS ferry. The investment comprises $1.5 million made in three stages for a 24% ownership share of the company after the final stage. The investment supports DFDS’ CSR-strategy of which a key ambition is to contribute to improving air quality.