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Hong Kong: Banle Energy completes its first B24 biofuel bunkering operation, commits to decarbonisation

Company partnered with ASB Biodiesel and Seven Seas Oil for the operation with Saybolt monitoring the whole process in order to ensure both quality and quantity, it tells bunkering publication Manifold Times.

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Banle Energy International Limited, a subsidiary of CBL International Limited (NASDAQ: BANL), on Friday (14 July) completed its very first B24 biofuel bunkering operation in Hong Kong.

The company partnered with ASB Biodiesel (Hong Kong) Limited and Seven Seas Oil (Hong Kong) Limited for the operation, with Saybolt as an international independent inspection and testing service provider to monitor the whole process in order to ensure both quality and quantity.

“Our company has taken the initiative to support our efforts towards the 2023 IMO Greenhouse Gas Strategy, which was adopted at the Marine Environment Protection Committee (MEPC 80) in early July,” Banle Energy said in a statement.

“The Strategy sets ambitious targets for the shipping industry to reduce the total annual greenhouse gas (GHG) emissions from international shipping by at least 20% and 70%, with a goal of achieving 30% and 80% by 2030 and 2040 respectively, compared to 2008 levels. In line with our direction focusing on ESG, we are committed to promote biofuel, an ESG related product, in an effort to reduce GHG emissions.”

Banle Energy First Biofuel Operation in HK 2

The company added biofuels were being promoted as one of the low-carbon alternatives to the existing fossil oils as they could help to reduce GHG emissions and the related climate change impact from the shipping industry.

“A proactive culture is part of our DNA, even back in 2019, our Company was one of the first movers in promoting and supplying very low sulphur fuel oil (VLSFO) to our clients, ahead of the IMO 2020 regulation that was implemented in 2020. Today, we again have taken the initiative in introducing B24 biofuel bunkering in Hong Kong,” it elaborated. 

Teck Lim Chia, Chief Executive Officer and Chairman of CBL International Limited, said: “B24 biofuel bunkering operation in Hong Kong is a significant step forward for our contribution to environmental sustainability and for the shipping industry’s efforts to reduce carbon emissions. This sets the stage for the Hong Kong bunkering industry to use biofuels as a means to play its part for decarbonisation.”

Related: Banle Group makes its first move outside Asia Pacific to Istanbul and Antwerp

Photo credit: CBL International Limited
Published: 17 July, 2023

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Milestone

China: Chimbusco and BJEC enter green methanol cooperation agreement

Document was signed between Ding Lihai, deputy general manager of Chimbusco, and Li Jianjun, deputy general manager of BJEC.

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Chimbusco x BJEC MT

China Marine Bunker (PetroChina) Co.,Ltd. (Chimbusco) and POWERCHINA Beijing Engineering Corporation Limited (BJEC) on Thursday (3 July) formally entered into a green methanol strategic cooperation framework agreement.

The document was signed between Ding Lihai, deputy general manager of Chimbusco, and Li Jianjun, deputy general manager of BJEC.

BJEC, a subsidiary of China Power Engineering Group, is experienced in the survey, design, construction and technology research and development of large-scale renewable energy projects.

Moving forward, the two parties said they will respectively focus on their core advantages and work together to promote the production, supply, storage and refuelling of green methanol as an energy source to help support the low-carbon transformation of the shipping industry.

Ding Lihai said: “The shipping industry is one of the important sources of global carbon emissions. Promoting low-carbon fuel is the key to the transformation of the industry. As the main force in the supply of bunker fuel, Chimbusco has been committed to expanding its clean fuel supply capacity. The cooperation with BJEC will integrate the advantages of green energy development and fuel supply, accelerate the large-scale application of green methanol, and meet the needs of shipping companies for clean fuel. We look forward to providing effective solutions for the green transformation of the shipping industry through the joint efforts of both parties.”

Li Jianjun said: “Implementing the ‘dual carbon’ goal is an important responsibility of enterprises. BJEC has accumulated strong technical strength in the field of green energy. This cooperation with Chimbusco will focus on the entire industrial chain of green methanol, from raw materials, production to supply, to provide clean and sustainable fuel solutions for the shipping industry. The complementary advantages of both parties will promote the rapid development of the green methanol industry and inject strong impetus into the low-carbon transformation of the shipping industry.”

 

Photo credit: China Marine Bunker (PetroChina) Co.,Ltd.
Published: 8 July 2025

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Milestone

Towngas and Royal Vopak collaborate to expand green methanol supply chain network

‘Towngas has recently completed a 6,000-tonne green methanol bunkering project, the largest in Asia,” said its Chief Operating Officer – Green Fuel and Chemicals.

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Towngas x Royal Vopak MT

Hong Kong and China Gas Company Limited (Towngas) and Vopak China Management Co., Ltd. (Royal Vopak) on Tuesday (8 July) said both recently signed a strategic framework cooperation agreement to collaborate in areas such as green methanol production, storage, bunkering, and trading etc.

Focusing on the Chinese mainland, Hong Kong, and Asia-Pacific markets, both parties are joining forces to expand an efficient green methanol supply chain network and support the shipping industry’s low-carbon transition.

The two parties will capitalise on their respective strengths to expand the supply network of green methanol.

Towngas employs proprietary technology to convert agricultural and forestry waste as well as scrap tyres into green methanol, and has obtained multiple international certifications and provides a sufficient supply of green methanol for maritime fuel bunkering.

Royal Vopak provides green methanol storage and terminal services with its comprehensive storage and terminal infrastructure and coastal port network advantages.

Together, the two parties will achieve efficient resource allocation and ship green methanol to the Greater Bay Area, East China, South China, and the broader Asia-Pacific markets, further expanding the green methanol supply chain network.

Towngas and Royal Vopak will further develop multiple areas of regional cooperation, including in the Greater Bay Area. By leveraging the strengths of the ports in Hong Kong, Shenzhen, and Guangzhou, the partnership will focus on “production and storage synergy” as its core to strengthen cooperation around logistics and terminal facility construction, and to build an integrated green methanol storage and transportation network.

In East China, the two parties will centre their collaboration in Shanghai and Ningbo, two major international ports, to further strengthen cooperation in logistics storage and bunkering facility construction to meet the growing demand for green fuels at both ports.

In the Bohai Bay region, with Tianjin as the strategic hub, Towngas will transport green methanol produced at its northern China production base to Royal Vopak’s local storage tank farm, then achieve resource allocation through the Royal Vopak’s distribution network, supporting the supply of green methanol from northern China to the national and Asia-Pacific markets.

The two parties will also target key export markets, such as Singapore, Vietnam, Japan, and South Korea, to accelerate overseas expansion and boost the market competitiveness of clean energy in the Asia-Pacific region.

“Towngas has recently completed a 6,000-tonne green methanol bunkering project, the largest in Asia,” said Sham Man-fai, Towngas Chief Operating Officer – Green Fuel and Chemicals.

“It was completed with the support of Royal Vopak’s Tianjin storage tank farm facilities, laying a solid foundation for this partnership.

“Towngas’s Inner Mongolia green methanol plant is set to increase its annual capacity from 100,000 tonnes to 150,000 tonnes by the end of this year, with plans to further expand to 300,000 tonnes by 2028. Together with Royal Vopak’s storage and terminal services infrastructure and coastal port network, the two parties will build a comprehensive green methanol supply chain network.”

 

Photo credit: Hong Kong and China Gas Company Limited
Published: 8 July 2025

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Biofuel

Chimbusco Pan Nation bio bunker fuel supply volume in H1 2025 surpasses 2024 total

Company supplied over 78,000 metric tonnes of marine biofuel in Hong Kong in the first six months of 2025, surpassing its total biofuel supply for the whole of 2024.

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Chimbusco Pan Nation bio bunker fuel supply volume in H1 2025 surpasses 2024 total

Hong Kong-based marine fuel oil supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Friday (4 July) said it has supplied over 78,000 metric tonnes (mt) of marine biofuel in Hong Kong in the first six months of 2025.

As such, the company said its biofuel volume for the first half of the year exceeded its total biofuel supply for the whole of 2024. 

“This record-breaking achievement highlights our commitment to sustainability and innovation in the maritime industry,” the company said in a social media post. 

“From January to June 2025, our team surpassed last year’s total, proving that dedication and excellence knows no limits—and exceeded 2024 by 80%!”

Manifold Times previously reported CPN setting a record for China’s largest B24 marine biofuel bunkering operation.

CPN delivered 6,300 mt of B24-VLSFO in Hong Kong to container ship XIN LOS ANGELES on 15 May. The supply exceeded CPN’s previous record of 5,500 mt delivered to the same ship in February 2025.

In April, the company also commenced supply of B30 biofuel in Hong Kong. 

Related: Hong Kong: CPN hits new record for China’s largest B24 biofuel bunkering operation
Related: CPN achieves largest B24 bio bunker fuel delivery in Hong Kong and China
Related: Chimbusco Pan Nation launches B30 bio bunker fuel supply in Hong Hong

 

Photo credit: Chimbusco Pan Nation Petro-Chemical
Published: 7 July, 2025

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