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GCMD: Project CAPTURED achieves two regulatory milestones for onboard captured CO2

CO2 captured onboard during the project has been formally recognised for compliance under the EU ETS while a proposal submitted to MEPC 84, based on the project, has received IMO’s in-principle support.

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Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (21 July) said Project CAPTURED has achieved two regulatory milestones that strengthen the commercial case for onboard carbon capture and storage (OCCS).

This comes following its world’s first demonstration of an end-to-end value chain for onboard captured and liquefied CO2 (LCO2).

Completed in June 2025, the pilot showed that CO2 captured onboard a vessel can be offloaded ship-to-ship, transported overland and permanently bound through carbon mineralisation—a process that converts captured CO₂ into stable materials for industrial use.

The CO2 captured onboard during Project CAPTURED has been formally recognised for compliance under the European Union Emissions Trading System (EU ETS). This means the verified tonnage of captured CO2 can be deducted from emissions requiring the surrender of EU Allowances (EUAs).

To qualify for this recognition, the CO2 must be chemically bound permanently in eligible products. Project CAPTURED demonstrated that CO2 captured onboard vessels can meet this requirement through carbon mineralisation.

The data and learnings from the same demonstration formed the basis of a proposal submitted to MEPC 84. This proposal received in-principle support from the International Maritime Organization (IMO) for recognising carbon mineralisation as a form of permanent CO₂ storage.

Complementing geological sequestration, which is already accepted by the IMO, this recognition broadens the downstream options for CO2 captured onboard vessels, and supports the development of maritime carbon value chains. Beyond providing a permanent storage pathway, carbon mineralisation also creates the potential for captured CO2 to serve not only as a waste stream requiring permanent storage, but also as a feedstock for industrial applications through carbon mineralisation, extending emissions reductions beyond the shipping value chain.

Professor Lynn Loo, CEO, GCMD, said, “Project CAPTURED has moved OCCS beyond technical demonstration. The acceptance of the EU ETS deduction gives captured CO₂ a compliance value. At the same time, IMO’s in-principle support for carbon mineralisation will help clarify how captured CO2 can be treated after it leaves the vessel. Together, these milestones turn a pilot into a verified reference case for maritime carbon logistics, one that links regulatory recognition, commercial value and emissions impact.”

 

Photo credit: Venti Views on Unsplash
Published: 22 July, 2026

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Methanol

Ningbo-Zhoushan Port completes Zhejiang’s largest single-ship green methanol bunkering op

“COSCO SHIPPING Libra” received around 5,500 mt of green methanol at Ningbo-Zhoushan Port, setting a new provincial record for a single international vessel.

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Ningbo-Zhoushan Port completes Zhejiang’s largest single-ship green methanol bunkering op

China (Zhejiang) Pilot Free Trade Zone on Monday (24 August) said Ningbo-Zhoushan Port has completed Zhejiang province’s largest single-ship green methanol bunkering operation.

Methanol dual-fuel containership COSCO SHIPPING Libra received around 5,500 metric tonnes (mt) of green methanol at the Meishan port area on 23 August.

The operation was carried out under the supervision of Meishan Customs, part of Ningbo Customs, and was conducted by the methanol bunkering vessel Zhong Ran Lv Neng 85.

The operation set a new record for the volume of green methanol bunkered by a single international trading vessel in Zhejiang. 

The milestone comes as Ningbo-Zhoushan Port seeks to expand its large-scale green methanol bunkering capabilities.

Zhong Ran Lv Neng 85 entered commercial operation at Ningbo-Zhoushan Port in July, becoming the port’s first newly built dedicated methanol bunker vessel.

According to the authorities, the customs department used its digital supervision system to enable paperless declaration and review of vessel movements and fuel supply information, while optimising on-site supervision arrangements.

 

Photo credit: China (Zhejiang) Pilot Free Trade Zone
Published: 27 August, 2026

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Bunker Fuel

PO/Marine supplies nearly 913,154 mt of bunker fuels in 2025

‘With a market share of 39.2%, PO/Marine has proudly maintained our leadership in the marine fuels sector for seven consecutive years,’ the company said.

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PO/Marine supplies nearly 913,154 mt of bunker fuels in 2025

Turkey’s Petrol Ofisi on Wednesday (26 August) said its bunkering arm PO/Marine reached a total sales volume of 913,154 metric tonnes (mt) of bunker fuels in 2025, based on Turkey’s Energy Market Regulatory Authority’s (EMRA) data.

According to the company, it achieved 46.3% share in the domestic marine fuel market and 37.5% share in the transit market. 

“With a (total) market share of 39.2%, PO/Marine has proudly maintained our leadership in the marine fuels sector for seven consecutive years,” the company said in a social media post. 

“With our strong performance in both the domestic market and transit sales, we continue to be a trusted partner at sea.”

Manifold Times previously reported PO/Marine reaching a total sales volume of nearly 1 million mt of bunker fuels in 2024. 

Related: PO/Marine supplies nearly 1 million mt of bunker fuels in 2024

 

Photo credit: PO/Marine
Published: 27 August, 2026

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Alternative Fuels

Olam Agri, Vitol Bunkers wrap up co-processed VLSFO bio-bunkering operation in Singapore

“MV Scion Mathilda” was supplied with 246.5 mt of co-processed VLSFO at the Port of Singapore, comprising 212 mt of conventional VLSFO and 34.5 mt of co-processed CNSL VLSFO.

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Olam Agri, Vitol Bunkers wrap up co-processed VLSFO bio-bunkering operation in Singapore

Agri-business Olam Agri on Thursday (20 August) said it successfully completed Singapore’s first bio-bunkering operation with Vitol Bunkers, using Very Low Sulphur Fuel Oil (VLSFO) co-processed with Cashew Nutshell Liquid (CNSL), showcasing a waste-to-energy approach. 

MV Scion Mathilda was supplied with 246.5 metric tonnes (mt) of co-processed VLSFO at the Port of Singapore, comprising 212 mt of conventional VLSFO and 34.5 mt of co-processed CNSL VLSFO. The product was supplied by Vitol Bunkers and procured by Olam Agri’s ocean freight business.

The fuel was subsequently consumed during a voyage from Caofeidian (China) to Rotterdam (Netherlands), followed by a ballast leg from Rotterdam to Barcarena (Brazil). 

Total fuel consumption across the voyage comprised 1,354 mt of VLSFO, 101 mt of MGO and 34.1 mt of co-processed VLSFO. The vessel completed the voyage without any operational remarks, confirming the product’s performance in real-world conditions.

The operation marks a significant step forward in the search for practical, scalable alternatives to conventional marine fuels, and demonstrates that meaningful greenhouse gas (GHG) reductions can be achieved without any change to vessel operations.

Martin Fynbo, Head of Bunkers at Olam Agri’s ocean freight business, said: “The successful deployment of this product, achieving verified greenhouse gas mitigation alongside ensuring operational integrity, serves as a definitive proof of concept. This milestone provides validation to a traditionally risk-averse sector, demonstrating that a previously disregarded bio-product solution can both be operationally viable and sustainable.”

Sherman Yeo, Trading Manager, Vitol Bunkers, said: “This operation proves that co-processed VLSFO can be delivered and consumed at sea without any compromise to vessel performance or operational routine. The mass balance solution we have developed opens up a genuinely new avenue for GHG reduction in marine fuels.”

The co-processed VLSFO carries a GHG intensity of 2.02 gCO2eq/MJ, delivering savings of at least 120 MT CO2eq compared with conventional VLSFO on an equivalent basis. This outcome was achieved with no additional onboard handling or fuel treatment requirements.

Vitol’s co-processing and mass balancing methodology resolves a longstanding challenge in the use of CNSL as a marine biofuel. Direct blending of CNSL has historically been dismissed by the industry due to material compatibility and handling issues. By co-processing CNSL within the refinery stream, Vitol has opened a commercially viable pathway for CNSL to contribute to GHG reduction in shipping.

The co-processed VLSFO used in this operation conforms to RMG380 VLSFO grade and has the same chemical composition and quality as conventional fuel, eliminating the need for additional permissions or special clauses in charter party agreements.

“CNSL, derived as a by-product of cashew processing, represents an underutilised feedstock with genuine potential as a scalable marine biofuel component,” Olam Agri added. 

“This trial demonstrates that with the right processing approach, it can be integrated into existing supply chains without disruption.”

 

Photo credit: Vitol
Published: 21 August, 2026

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