China: SinoBunker promotes biofuel bunkering operations at 6th China International Import Expo
- Published
by Admin
State-owned China Shipping & Sinopec Suppliers Co., Ltd. (SinoBunker) on Tuesday (7 November) led a discussion on Biofuel Oil – Carbon Reduction in the Shipping Industry at the 6th China International Import Expo (CIIE) in Shanghai.
The event, attended by Singapore bunkering publication Manifold Times, was hosted by Li Guanjie, Deputy General Manager of the Bonded Oil Department at SinoBunker, who highlighted SinoBunker as the first marine fuel supplier to supply biofuel as a bunker fuel in China.
Mr Li also gave a speech on international shipping greenhouse gas (GHG) emission reduction requirements of the European Union (EU) and the International Maritime Organization (IMO) at the session.
He noted the EU Emissions Trading System (ETS) is an emissions cap-and-trade system that aims to reduce GHG emissions by setting a limit while FuelEU Maritime sets well-to-wake GHG emission intensity requirements on energy used on board ships trading in the EU.
The increasingly tight environmental protection regulations have led to biofuel becoming an important choice for large shipowners in China and abroad, he said.
In turn, invited delegates enquired on a variety of topics including biofuel industry standards and the stable supply of the material as a bunker fuel at the event.
Moving forward, Mr Li said SinoBunker will focus on expanding its biofuel trading operations and delivery ports, amongst others, to support the green and low-carbon transformation of the shipping industry.
Photo credit: COSCO Shipping
Published: 15 November 2023
