Business

Aderco achieves B Corp certification, marking sustainability credentials

Firm says certification will serve as a cornerstone in its strategy to drive positive environmental and social impact, while setting a new standard of excellence within the fuel treatment industry.

Published

2 weeks ago

October 1, 2024

Admin

Aderco achieves B Corp certification, marking sustainability credentials

Fuel treatment technology specialist Aderco Group on Monday (30 September) announced its official certification as a B Corporation (B Corp), joining a global community of businesses meeting the high standards of social and environmental impact.

The firm said the significant milestone reflected Aderco’s unwavering commitment to sustainability, diversity, and ethical business practices.

Since its founding in 1981, the company has pioneered fuel treatment solutions that are 100% vegetal-based - an innovation that no other company in the industry has achieved.

Headquartered in Switzerland, with four additional offices in Belgium, the United Kingdom, Singapore, and India, Aderco has aimed to be divergent, building a business model centred around positive social and environmental impact.

The B Corp certification reaffirms the values that have guided the company from the beginning and validates Aderco’s belief that businesses should be a force for good.

"At Aderco, being different has always been at the heart of what we do," said Olivier Baiwir, Chief Executive Officer of Aderco.

“We've been committed to social and environmental impact since day one. This B Corp certification not only validates what we’ve believed in for over 40 years but also reaffirms that Aderco is leading the way in our industry. No one else is doing what we’re doing—and that makes us extremely proud.”

What is B Corp Certification?

The B Corp certification is a rigorous assessment that measures a company’s social and environmental performance, accountability, and transparency. It recognises businesses that go beyond profit, using their platform to benefit workers, customers, communities, and the environment.

Key Facts: B Corp Certification:

Aderco scored 83.3 points on the B Impact Assessment, exceeding the minimum requirement of 80 points for certification. More than 9,000 companies across 160 industries in over 100 countries have achieved B Corp certification.
The certification assesses businesses in five key areas: Governance, Workers, Community, Environment, and Customers. Aderco’s detailed scores are available here.
B Corp certification applies to Aderco’s global operations, demonstrating the company’s commitment to social and environmental responsibility across all regions.

Being in an industry often associated with environmental challenges, Aderco’s B Corp certification sets a new standard for what can be achieved through innovation and responsible business practices.

“This certification signals to our stakeholders and the wider community that we are committed to going beyond profit, aiming to create a positive impact on people and the planet,” it said.

“This achievement is indeed a testament to our ongoing commitment to create a positive impact not only within our industry but also on the planet, as well as society at large," said Gérald Baiwir, Head of Environment at Aderco.

“As a B Corp, we are proud to join a global community of businesses that are leading the way in using business as a force for good.”“Our B Corp certification isn't just an accolade - it’s a reflection of the values we’ve held for over four decades. It confirms what we’ve always believed in, namely, business must make a positive difference.”

As the only fuel treatment provider offering 100% vegetal-based solutions, this achievement affirmed Aderco's pioneering role in the industry and its ongoing drive to positively impact society and the environment.

“This milestone confirms what we’ve always known - that business can and should be a catalyst for positive change,” added Olivier Baiwir.

As Aderco continues to expand its global presence, this certification will serve as a cornerstone in its strategy to drive positive environmental and social impact, while setting a new standard of excellence within the fuel treatment industry.

Photo credit: Aderco
Published: 1 October, 2024

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China: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

Global marine bunker development will be among main topics of discussion at the 7th International Petroleum and Natural Gas Enterprises Conference (IPEC).

Published

2 days ago

October 11, 2024

Admin

China: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

The 7th International Petroleum and Natural Gas Enterprises Conference (IPEC) is taking place at Zhoushan, Zhejiang province, China between 16 to 17 October.

The agenda, provided by the Zhoushan High-tech Zone Administrative Committee to foreign event media partner Singapore bunkering publication Manifold Times, is as follows:

16 October

Registration and sign-in for participating guests
Meetings between Zhejiang Provincial and Zhoushan Municipal leaders with VIPs

17 October

Morning

Plenary Session of the Conference (Oriental Hall, Zhoushan International Conference Center)

Leader’s speech, guest keynote speech, signing of major projects

Discussion Topics [*17 October, 2pm to 5pm]

Focus Topic Meeting: Global marine bunker development*
Location: Haitian Hall, Haizhongzhou International Hotel, Zhoushan

14:00-14:05 - Opening of the Meeting

14:05-14:15 - Speech by Leaders

14:15-14:30 - Announcement of "Top Ten Global Bunkering Ports" and "Top Ten Global Bunkering Companies"

14:30-14:40 - Announcement of Construction Work of Northeast Asia Bonded Marine Fuel Bunkering Hub

14:40-14:50 – Launch ceremony of Zhoushan "White-list" Bunker Barge Mass Flow Meter System Pilot Certification Programme

14:50-15:10 - Signing Ceremony

15:10-16:10 - Keynote speech

16:10-16:35 - Coffee break

16:35-17:05 - Roundtable forum (Topic: Facing green and low-carbon transformation in global shipping, how do marine fuels change in response to the trend?)

17:05-17:35 - Roundtable forum (Topic: The road to develop high-quality offshore fuel bunkering metering under the new developments)

17:35-17:40 - Moderator’s summary

Utilising financial innovation, futures and spot cooperation to promote the construction of a hub for the allocation of bulk commodity resources*
Location: Putuo Hall, Zhoushan International Conference Center

Open development of global shipping trade*
Location: Donghai Hall, Hilton Zhoushan

International iron ore trade development*
Location: Banquet Hall 1/3, The Westin Zhujiajian Resort, Zhoushan

Development of China's new chemical materials industry during the “15th Five-Year Plan”*
Location: Banquet Hall 1/3, The Westin Zhujiajian Resort, Zhoushan

Development of non-ferrous metal mining industry*
Location: Lianhua Ocean Hall, Hilton Zhoushan

16 and 17 October
International maritime law of the free trade port (zone)
Location: Fortune Hall, Zhoushan CaiFu Hotel

Photo credit: Zhoushan High-tech Zone Administrative Committee
Published: 11 October, 2024

Alternative Fuels

SIBCON 2024: Vitol anticipates securing LNG bunker licence in Singapore

‘It would be unthinkable not to deploy at least one of the three barges Vitol has on order in Singapore,’ says Vitol’s Head of Asia Mike Muller during a panel discussion.

Published

3 days ago

October 11, 2024

Admin

SIBCON 2024: Vitol anticipates securing LNG bunker licence in Singapore

Energy trader Vitol’s Head of Asia Mike Muller on Wednesday (9 October) said the company is anticipating being granted a LNG bunker licence in Singapore soon.

“It would be unthinkable not to deploy at least one of the three barges Vitol has on order in Singapore,” he said.

Mike Muller made the announcement during the Viewing the Energy Transition Through the Lens panel discussion at the 23rd Singapore International Bunkering Conference (SIBCON).

“We expect to see growth in LNG use as a bunker fuel for at least another decade, and probably longer,” he added.

On the increasing uptake of biofuels, he said Vitol is seeing demand for biofuel blended bunkers in Singapore roughly doubling every year at the moment, heading for around 1 million mt this year and maybe 2 million mt next year.

“Demand for 100% biofuel from shipping customers is also starting to pick up as of this year and we have led the way in commissioning new IMO type 2 barges to fulfil this demand - indeed an important Asian customer of ours has taken three deliveries of B100 UCOME biofuel just in recent weeks here in Singapore,” Muller explained.

Manifold Times previously reported Vitol securing three LNG Bunkering Vessels (LNGBV) through its shipping company, Vitol International Shipping Pte Ltd (VIS).

The vessels were secured via a seven to ten year time charter agreement with Avenir LNG Limited (Avenir) and an order for two vessels at the CIMC Sinopacific Offshore & Engineering Co. Ltd shipyard in Nantong, China.

The time charter agreement with Avenir is for one newbuild 20,000m3 LNGBV. The time charter will commence at delivery from the shipyard in China in Q4 2026 and will serve a period of seven years with options to extend up to ten years in total

Vitol also ordered one 12,500 m3 and one 20,000 m3 LNGBV at the CIMC SOE shipyard in China. The vessels will be delivered in Q4 2026 and Q3 2027 respectively.

Photo credit: Vitol
Published: 11 October, 2024

Bunker Fuel

SIBCON 2024: Bunker players sign SCMA pledge to drive progress within Maritime Singapore

Bunker players involved include Consort Bunkers, Equatorial Marine Fuel, Golden Island, Hong Lam Marine, Kenoil Marine Services, Marubeni International Petroleum and Sinopec Fuel Oil.

Published

3 days ago

October 11, 2024

Admin

SIBCON 2024: Bunker players sign SCMA pledge to drive progress within Maritime Singapore

Some 10 bunker players on Tuesday (8 October) signed a pledge with Singapore Chamber of Maritime Arbitration (SCMA) at the 23rd Singapore International Bunkering Conference and Exhibition (SIBCON).

The bunker players involved are Consort Bunkers Pte Ltd, Equatorial Marine Fuel Management Services Pte Ltd, Fratelli Cosulich Bunkers (S) Pte Ltd, Global Energy Trading Pte Ltd, Golden Island Pte Ltd, Hong Lam Marine Pte Ltd, Kenoil Marine Services Pte Ltd, Marubeni International Petroleum (S) Pte Ltd, Sinopec Fuel Oil (Singapore) Pte ltd and Victory Pte Ltd.

SCMA and the pledgees will work together to promote and enhance the capabilities and opportunities within the Maritime Singapore community and ecosystem.

Among the aspirational goals embodied by the SCMA Pledge is that the pledgees give preferential consideration, where appropriate, for the use of the SCMA Arbitration Rules for the resolution of their maritime or international trade disputes.

The bunker players may also use its best endeavours to support the Maritime Singapore community and ecosystem, including contributing to the development and dissemination of best practices as well as providing support and opportunity to young maritime legal and dispute resolution professionals in the form of internships, mentorships, and educational seminars aimed at fostering the next generation of maritime leaders.

SCMA, a specialist arbitration institution, is the only arbitration institution in Singapore focused on maritime and international trade disputes.

It offers the maritime and international trade sectors a set of arbitration rules and guidelines which are flexible and cost effective.

Users of SCMA arbitration include maritime companies, international traders and commodity companies for the resolution of their disputes such as those involving charterparty, bunker, commercial sales, cargo, oil and gas, shipbuilding and ship repair.

Photo credit: Singapore Chamber of Maritime Arbitration
Published: 11 October, 2024