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Argus Media: Netherlands biofuel bunker growth uncertainty lingers

Netherlands government subsidizes sales of biofuels for bunkering but the subsidies are not set in stone; they are reviewed annually and could decrease or even be scrapped.

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The inclusion of marine fuel emissions in the EU's Emissions Trading Scheme (ETS) set to begin in 2024 could drive up biofuel for bunker sales in Rotterdam, but uncertainly lingers around Netherlands biofuels marine fuel subsidies.

17 March 2023

The inclusion of maritime shipping in the EU's ETS will require ship owners traveling within the EU's territorial waters to pay for 40pc of their greenhouse emissions from 2024, rising to 70pc from 2025 and to 100pc from 2026.

Biodiesel, as a plug and play fuel, has gained traction with ship owners. Rotterdam biofuel bunker blends sales more than doubled to 791,653t in 2022 from 301,051t in 2021.

Rotterdam B20 biodiesel was priced at a $98/t average premium, or a 17pc premium to very low-sulphur fuel oil (VLSFO), in the first half of March, Argus data showed. Rotterdam B30 biodiesel was pegged at $131/t average premium or a 23pc premium to VLSFO during the same period.

The Netherlands government subsidizes sales of biofuels for bunkering. Without the Netherlands subsidies, B20 and B30 would have been priced at 41pc, or a $232/t premium, and 59pc, or a $331/t premium, to VLSFO, respectively, in the first half of March. But the Netherlands marine use subsidies are not set in stone. They are reviewed annually and could decrease or even be scrapped.

The Netherlands government excluded the maritime sector from its domestic biofuels ticket scheme in 2021 on the back of the disproportionate use of biofuels in shipping in 2020.

Fuel suppliers in the Netherlands' shipping sector can since then only claim renewable fuel units (HBEs) from biofuels that are produced from feedstock listed in Annex IX part A of the EU's revised Renewable Energy Directive (RED II), and therefore classify as advanced. The decision came after fuel suppliers obligated under the Dutch biofuels blending mandate had made increasing use of the option to claim HBEs generated by using renewable energy in seagoing shipping in 2020. Biofuels used in maritime shipping covered almost 30pc of the overall blending target in 2020.

Still, in the 2022 compliance year — which runs between April 2022 and April 2023 — around 32pc of total HBEs issued — or around 23.6mn HBE-Gs — came from the maritime sector. This prompted the Dutch government to remove brown grease, a popular feedstock used for biofuels in shipping, from the list of approved advanced feedstocks in the HBE scheme on 1 January 2023.

By contrast, Singapore, the biggest bunkering port in the world, does not offer biofuel for bunkering subsidies. Singapore biofuel marine fuel sales were at 140,000t in 2022 and data for 2021 is not available. Singapore B24, the most common biofuel bunker blend there, was assessed at $819/t average in the first half of March, 19pc and 15pc higher than Rotterdam B20 and B30, respectively (see chart).

By Stefka Wechsler and Sophie Barthel

 

Photo credit and source: Argus Media
Published: 20 March, 2023

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Biofuel

GoodFuels ceases bio bunker fuel deliveries in Singapore after near three-year run

‘Whilst the GoodFuels team will continue its efforts to decarbonise global shipping from the Amsterdam office, we will be stopping all biofuel deliveries in Singapore with immediate effect,’ says Jing Xieng Han.

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Goodfuels

Biofuel supplier GoodFuels, FincoEnergies’ sustainable fuels brand, has stopped all biofuel deliveries in Singapore with immediate effect, according to Jing Xieng Han, General Manager of GoodFuels Asia Pacific, on Wednesday (6 November). 

GoodFuels first announced the opening of its first office in Singapore in February 2022. The Singapore office was GoodFuels’ second office and its first outside of Europe. 

At the time, GoodFuels said Singapore was chosen as the target for its first international expansion because of its importance to the global shipping industry and its leading position as a key bunkering hub, with mature bunkering infrastructure that will support the delivery of marine biofuel.

Jing said FincoEnergies has decided to consolidate GoodFuels operations in the Asia Pacific and ARA regions. 

“Whilst the GoodFuels team will continue its efforts to decarbonise global shipping from the Amsterdam office, we will be stopping all biofuel deliveries in Singapore with immediate effect,” she said in a social media post. 

“Our Amsterdam team remains dedicated to furthering the decarbonization of global shipping 'the Good Way' and I wish them continued success.”

Jing also announced that she will be departing GoodFuels Asia Pacific, effective 6 November as well. 

“It has been a privilege to contribute to the integration of biofuels into the bunkering sector in Singapore over the past three years,” she said.

“The rapid evolution of the industry has been mind-blowing, and I fondly recall addressing numerous queries on the technical feasibilities of biofuels as bunker fuels when I first launched our Singapore office in early 2022.”

Related: GoodFuels opens first Singapore office to meet growing biofuel demand

 

Photo credit: GoodFuels
Published: 7 November, 2024

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Biofuel

Chimbusco Pan Nation completes first B24 bio bunker fuel delivery in Singapore

CPN supplied 1,000 metric tonnes of ISCC-EU Certified B24 marine biofuel for “YM WITNESS”, a containership of Yang Ming Marine Transport Corp on 16 October.

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Chimbusco Pan Nation completes first B24 bio bunker fuel delivery in Singapore

Hong Kong-based marine fuel oil supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Wednesday (6 November) completed the supply of 1,000 metric tonnes of ISCC-EU Certified B24 marine biofuel for YM WITNESS, a containership of Yang Ming Marine Transport Corp on 16 October. 

“This also embarks on CPN’s new journey to arrange supplying marine biofuel in Singapore,” the firm said in a social media post. 

B24 marine biofuel is a blend of 24% B100 biodiesel and Marine Fuel Oil, which significantly reduces carbon emissions and lowers its carbon footprint. Such product aligns with global efforts to combat climate change and reduces environmental impact. 

“CPN is committed to be the frontrunner in the transition towards more sustainable marine fuel options. This biofuel delivery reinforces CPN’s commitment to realizing eco-friendly port energy solutions and global decarbonisation goals,” it added. 

 

Photo credit: Chimbusco Pan Nation Petro-Chemical
Published: 7 November, 2024

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LNG Bunkering

Titan completes LNG bunkering operation in Port of Zeebrugge

Titan supplied newly built PCTC “Peony Leader” using bunkering vessel “Optimus”, marking the PCTC’s maiden LNG bunkering operation.

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Titan completes LNG bunkering operation in Port of Zeebrugge

LNG bunker fuel supplier Titan on Wednesday (6 November) said it has completed a LNG bunkering operation in the Port of Zeebrugge. 

Titan supplied the newly built Peony Leader Pure Car and Truck Carrier (PCTC) using Optimus – one of its LNG bunkering vessels (LBV).

“This was the maiden voyage for the Peony Leader, as well as the first time it bunkered LNG while in service. The Optimus’ crew closely supported throughout the process, providing guidance and information to the seafarers onboard the vehicle carrier,” it said in a social media post. 

“Our commercial team also visited CSP Zeebrugge to meet the new client, Chimbusco. With a greatly increasing number of PCTC newbuilds being LNG dual-fuelled, we look forward to many more successful LNG bunkering operations with Chimbusco and other shipowners in this segment.”

 

Photo credit: Titan
Published: 7 November, 2024

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