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.

Related: Aderco launches new Fuel and CO2 Savings Simulators for marine and industrial industries
Related: Singapore: Aderco expands operations in Asia with new office
Related: Test results of independent laboratories confirm positive impact of Aderco 2055G on biofuel bunker fuel storage

 

Photo credit: Aderco
Published: 1 October, 2024

Maritime green tech firm SulNOx on Wednesday (31 July) said it has gained a valuable new patent in Singapore and posted record first quarter product sales.

The UK-listed company, which helps industry reduce emissions, lower fuel costs and meet sustainability targets, adds the patent to others granted for the US, Europe, Eurasia, Georgia, South Africa, Indonesia, Hong Kong and China. 

They cover a range of versions of SulNOx conditioners which emulsify water, while increasing lubricity and oxygen availability to fuel, making it burn cleanly and more efficiently.

“Singapore is a key market for SulNOx. It extends access to global customers in several sectors including marine, oil & gas and offshore companies,” the firm said in a statement. 

Product sales volumes rose 32% in the first quarter to June, compared with Q4. 

Revenues of £192,0000 were up 134% on the corresponding period in 2023, but down on Q4, owing to product promotions relating to High Sulphur Fuel Oil (HSFO) and biofuels. These promotions succeeded in securing SulNOx's first sales in those areas.

HSFO represents c.25% of world bunker demand and biofuels are becoming increasingly important as shipping regulations become more stringent and emissions focused.

SulNOX has typically achieved fuel savings of 5% to 10% with operators piloting SulNOxEco conditioner. At present, 35 shipping companies with a combined fleet of approximately 4,500 vessels are evaluating SulNOx products or expanding their use. 

Marfin Management expanded its trial after initial tests cut bunker consumption by more than 6% and its CEO has since joined the board of SulNOx. Greece's Seanergy and Spring Marine are both looking to adopt SulNOx products in their fleets to reduce fuel consumption and cut emissions. 

Radu Florescu, Chairman of SulNOx Group, commented: “Whilst Q1 has delivered encouraging revenues and record sales volumes, most significant is SulNOx demonstrating that it can provide a fuel and emissions reduction solution for users of HSFO and biofuels - opening up significant new marine opportunities.”

“Q2 already shows considerable further potential in Africa, and further revenues expected from some very promising R&D results and strategic partnerships. SulNOx is also making several new hires to grow sales in line with ambitions.”

 

Photo credit: Swapnil Bapat on Unsplash
Published: 1 August 2024

A notice was published on Monday (1 July) on the Government Gazette to inform the passing of several resolutions for Gazpromneft Marine Lubricants Pte Ltd on 21 June.

The resolutions set out below were duly passed:

Special Resolution

1. THAT the Company be wound up voluntarily.
2. THAT Bakulin Dmitriy Aleksandrovich, care of 50 South Bridge Road, #03-00, Singapore 058682, be and is hereby appointed Liquidator for the purpose of such winding-up.
3. THAT the Liquidator be empowered to exercise the powers set out in article 23 of the Constitution of the Company, with the sanction of a special resolution of the Company. 

 Sole Member: GPN-Operational Management Limited Liability Company

In 2019, Manifold Times reported Gazpromneft Marine Lubricants starting to produce high-tech marine oils at a production facility in Singapore.

Localising lubricants production under the Gazpromneft Ocean brand at the AP Oil partner facility reportedly would cut delivery times for Gazprom Neft products to the Port of Singapore by up to two days, and to ports in Malaysia by up to four days.

Related: Gazprom Neft starts lubricants production from Singapore blending plant

 

Photo credit: Drew Beamer
Published: 2 July, 2024