OOCL and partners opt for B24 biofuel blend to reduce supply chain emissions

International container transportation and logistics company Orient Overseas Container Line (OOCL) on Wednesday (28 August) on Wednesday (28 August) said it has opted for biofuel with its partners to reduce supply chain emissions. 

With the participation of several partners including IKEA and Kyocera, the first voyage commenced in early August.

The fuel used on the voyage is a B24 biofuel blend, with ISCC certified Used Cooking Oil Methyl Ester as a component in the VLSFO.

“Replacing fossil fuel with biofuel can reduce carbon emissions in shipping and is considered a viable transitional solution towards long-term decarbonisation goals. The amount of carbon saved on this voyage will be attributed to these partners, reducing the carbon footprint of the cargo,” the firm said on its website. 

A Green Certificate will be issued to each of these partners as a credible certification of the saved carbon emissions by opting for biofuel. 

The process is verified and powered by Global Shipping Business Network (GSBN), a non-profit blockchain consortium. Carbon emission saving calculation and allocation are tracked by blockchain, with traceable and immutable record. 

OOCL uses the Well-to-Wake approach to comprehensively measure the lifecycle carbon emissions, from the production of the fuel to its consumption in ship operation. 

OOCL has started using biofuel on some of its vessels since 2023 as one of the company’s strategies to advance with the transition towards decarbonisation. 

Michael Xu, Director of Trades at OOCL, said: “Working with partners on low-carbon shipping is definitely a very important milestone in OOCL’s environmental and sustainability journey that enables both OOCL and our partners to advance towards their own decarbonisation roadmap.”

“I would like to thank our partners such as IKEA, Kyocera and several others for their trust and support in OOCL and for their participation in the first voyage. We are keen to establish additional long-lasting sustainability collaborations with all our partners and stakeholders to reduce emissions along the supply chain and to create a greener future together.”

Photo credit: Orient Overseas Container Line
Published: 29 August, 2024