Island Oil and Island Petroleum receive ISCC EU certification for bio bunker fuels
- Published
by Admin
Island Oil Holdings on Thursday (28 December) said two companies within the group have attained the International Sustainability and Carbon Certification (ISCC EU) as recognised traders of biofuels.
Island Oil Limited, the group’s marine fuels trading arm, has obtained certification as trader of biofuels. Additionally, Island Petroleum Limited, which offers physical supply of marine fuels, has achieved the same certification as trader with storage of biofuels.
Chrysostomos Papavassiliou, the group’s founder and CEO, said: “The ISCC certification reflects our unwavering commitment to sustainable and responsible practices within the marine fuel supply chain.”
“As an experienced and socially responsible marine fuels supplier, Island Oil Holdings recognizes the pivotal role that biofuels play in reducing the carbon footprint of the shipping industry. The ISCC certification of our two main subsidiaries underscores the group’s dedication to providing sustainable solutions to its global clientele.”
The Group said obtaining the ISCC EU requires compliance with stringent international sustainability and environmental standards. The certification aims to provide proof of raw material identity and traceability. In addition, it supports appropriate carbon intensity calculations along the supply chain.
Photo credit: Island Oil Holdings
Published: 29 December, 2023
