In Texas, Global Trade Magazine reports China plans to issue its first export quotas of 500,000 metric tons for marine biofuel blends by early 2025, targeting European trade routes to support domestic biodiesel producers hit by EU anti-dumping tariffs, according to industry sources and consultancy JLC. The state-owned oil companies CNPC, Sinopec, and CNOOC are […]
In Singapore, MarineLink reported that the Global Centre for Maritime Decarbonization in Singapore (GCMD) announced that it had completed the final trials of biofuels for ships, with German container company Hapag-Lloyd as well as energy giant BP. The report noted that GCMD started a project in 2022 to test various biofuel blends and reduce carbon […]
In The Netherlands, Offshore Energy reported that marine fuels supplier Monjasa has supplied a total of 510 tons of B30 marine biofuels to the Cargill-operated dry bulk carrier, Infinity Sky. The bunkering operation took place in the Port of Callao, Peru, on February 22, 2024. The operation marked the first ISCC-certified biofuels supply on the […]
In Spain, Peninsula, a global marine energy supplier, announced the introduction of the Aalborg, an IMO II chemical tanker dedicated to sustainable fuel distribution in the Western Mediterranean. The Aalborg is capable of supplying 100% biofuels (B100), in contrast to traditional fuel barges that cannot exceed 25% bio component. The vessel supplies FAME (Fatty Acid […]
In Singapore, Reuters reports premiums for B24 benchmark marine biofuel have softened in Singapore as feedstock prices fall together with stronger underlying fossil-based marine fuels due to Red Sea disruptions, while tepid demand has failed to keep the premium higher. The premium was as high as $200 per metric ton in Q3 2023 but has […]
