Banle Energy extended its arm for the contribution and development of South China biofuel bunkering market

Following the successful completion of its very first B24 biofuel bunkering operation in Hong Kong on 14 July of this year, Banle Energy International Limited (Banle Energy) extended its arm for the contribution and development of South China biofuel bunkering market.

On 5 September, China Shipping & Sinopec Suppliers Company Limited (Sinobunker) announced the successful completion of its first B24 biofuel supply operation in Guangzhou, China. It is stated that vessel Bao Ning Ling lifted approximately 300 MT of biofuel in the region. This significant supply operation received strong support from several departments of the Chinese Government in the Guangzhou province and was carried out in collaboration with Banle Energy as the supplier of the B24 biofuel.

It is worth noting that Banle Energy had previously conducted its inaugural B24 biofuel supply operation in Hong Kong in mid-July.

The biofuel supplied was blended out from marine fuel oil and 24% second-generation, waste-based, and ISCC-certified UCOME (Used Cooking Oil Methyl Ester).

The B24 biofuel blend, as indicated by a study, is projected to reduce approximately 20% of Greenhouse Gas (GHG) emissions when compared with conventional fuel oil.

As quoted, Banle Energy was committed to provide sustainable bunkering solutions to its customers, supporting their endeavours to reduce their carbon footprint, contributing to the target set by MEPC 80 of achieving “net zero” emissions by 2050.

Related: Hong Kong: Banle Energy completes its first B24 biofuel bunkering operation, commits to decarbonisation
Related: Exclusive: Banle Group sets sights on expanding bunker supply network with successful IPO on Nasdaq

Photo credit: Florian Wehde on Unsplash
Published: 14 September, 2023