Business

Infineum makes positive strides towards its sustainability goals in Singapore

Infineum’s operations in the region will support its global ambition of achieving net zero emissions from its owned and operated assets for scope 1 and 2 emissions by 2050.

Published

1 year ago

July 21, 2023

Admin

International fuel additives company Infineum on Thursday (20 July) shared its sustainability achievements and plans including its progress in Singapore.

Being the first major lubricant additive company to announce its Net Zero ambition, Infineum’s operations in this region will support its global ambition of achieving net zero emissions from its owned and operated assets for scope 1 and 2 emissions by 2050.

In the Asia region and globally, Infineum plans to collaborate with energy providers and site partners to expand solar farms, improve the renewable energy mix, and optimise its facilities. Additionally, the company plans to invest USD 20 million annually on capital improvements to its manufacturing facilities.

Locally in Singapore, Infineum has made positive strides towards its sustainability goals. Infineum Singapore manufacturing plant has made significant progress in optimising the centrifuge of its Calcium Sulphonate unit. This optimisation has led to a remarkable 75% reduction in water consumption, resulting in daily savings of 48m3.

Another area of focus for Infineum Singapore is refrigerant control. In 2022, the company achieved an 80% reduction in refrigerant losses. This corresponded to over 8000Mt Co2e in greenhouse gas (GHG) emission savings across its manufacturing plants.

These achievements so far demonstrate the company’s alignment with Singapore's environmental stewardship as well as the United Nations Sustainability Development Goals.

Infineum's broad range of applications spans across various industries, including automotive (cars, trucks, motorcycles), electric and hybrid vehicles, marine shipping and gas engines, crude oil refining, and mining.

The company's presence in Asia is led by its manufacturing plant in Jurong Island, Singapore, which has played a vital role in producing Infineum's products for the region since 1982. Furthermore, Infineum opened its China Business Technology Center in Shanghai in 2014, and its blending plant in Zhangjiagang in 2016, enabling the company to serve customers in the wider Asia region.

Infineum added it has successfully integrated sustainable design into its products. The company evaluates new product developments using sustainability criteria and strives to accelerate environmental and social improvements throughout its value chain.

Kevin Poindexter, Head of Sustainability at Infineum, said, "Infineum's Net Zero announcement in 2023 represented a key milestone on our Sustainability journey that began five years ago. We've made great progress in reducing our operational GHG emissions, measuring the carbon footprint of our products, and integrating Sustainability into our corporate purpose.”

“Building on our established social values for safety and I&D (Inclusion & Diversity), we are progressing on the next stage of this long journey towards our 2030 and 2050 ambitions. In doing so, we must continue delivering the high-performance products our customers need and working to support them in their Sustainability journeys as well.”

Aldo Govi, CEO, Infineum, said: “Our aim is to lead our industry on this exciting journey, taking a collaborative approach and engaging on sustainability not just with our customers, but also with our colleagues, suppliers, shareholders, and communities.”

“Together, we can help maintain our quality of life as human beings, retain the diversity of life on Earth and enable the Earth’s ecosystems to thrive.”

Earlier in the month, Infineum published its 2022 Sustainability Report, which provides an update on the progress the company has made against its goals.

Note: The full report 2022 Sustainability Report can be accessed here.

Photo credit: Infineum
Published: 21 July, 2023

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China: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

Global marine bunker development will be among main topics of discussion at the 7th International Petroleum and Natural Gas Enterprises Conference (IPEC).

Published

1 day ago

October 11, 2024

Admin

China: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

The 7th International Petroleum and Natural Gas Enterprises Conference (IPEC) is taking place at Zhoushan, Zhejiang province, China between 16 to 17 October.

The agenda, provided by the Zhoushan High-tech Zone Administrative Committee to foreign event media partner Singapore bunkering publication Manifold Times, is as follows:

16 October

Registration and sign-in for participating guests
Meetings between Zhejiang Provincial and Zhoushan Municipal leaders with VIPs

17 October

Morning

Plenary Session of the Conference (Oriental Hall, Zhoushan International Conference Center)

Leader’s speech, guest keynote speech, signing of major projects

Discussion Topics [*17 October, 2pm to 5pm]

Focus Topic Meeting: Global marine bunker development*
Location: Haitian Hall, Haizhongzhou International Hotel, Zhoushan

14:00-14:05 - Opening of the Meeting

14:05-14:15 - Speech by Leaders

14:15-14:30 - Announcement of "Top Ten Global Bunkering Ports" and "Top Ten Global Bunkering Companies"

14:30-14:40 - Announcement of Construction Work of Northeast Asia Bonded Marine Fuel Bunkering Hub

14:40-14:50 – Launch ceremony of Zhoushan "White-list" Bunker Barge Mass Flow Meter System Pilot Certification Programme

14:50-15:10 - Signing Ceremony

15:10-16:10 - Keynote speech

16:10-16:35 - Coffee break

16:35-17:05 - Roundtable forum (Topic: Facing green and low-carbon transformation in global shipping, how do marine fuels change in response to the trend?)

17:05-17:35 - Roundtable forum (Topic: The road to develop high-quality offshore fuel bunkering metering under the new developments)

17:35-17:40 - Moderator’s summary

Utilising financial innovation, futures and spot cooperation to promote the construction of a hub for the allocation of bulk commodity resources*
Location: Putuo Hall, Zhoushan International Conference Center

Open development of global shipping trade*
Location: Donghai Hall, Hilton Zhoushan

International iron ore trade development*
Location: Banquet Hall 1/3, The Westin Zhujiajian Resort, Zhoushan

Development of China's new chemical materials industry during the “15th Five-Year Plan”*
Location: Banquet Hall 1/3, The Westin Zhujiajian Resort, Zhoushan

Development of non-ferrous metal mining industry*
Location: Lianhua Ocean Hall, Hilton Zhoushan

16 and 17 October
International maritime law of the free trade port (zone)
Location: Fortune Hall, Zhoushan CaiFu Hotel

Photo credit: Zhoushan High-tech Zone Administrative Committee
Published: 11 October, 2024

Alternative Fuels

SIBCON 2024: Vitol anticipates securing LNG bunker licence in Singapore

‘It would be unthinkable not to deploy at least one of the three barges Vitol has on order in Singapore,’ says Vitol’s Head of Asia Mike Muller during a panel discussion.

Published

2 days ago

October 11, 2024

Admin

SIBCON 2024: Vitol anticipates securing LNG bunker licence in Singapore

Energy trader Vitol’s Head of Asia Mike Muller on Wednesday (9 October) said the company is anticipating being granted a LNG bunker licence in Singapore soon.

“It would be unthinkable not to deploy at least one of the three barges Vitol has on order in Singapore,” he said.

Mike Muller made the announcement during the Viewing the Energy Transition Through the Lens panel discussion at the 23rd Singapore International Bunkering Conference (SIBCON).

“We expect to see growth in LNG use as a bunker fuel for at least another decade, and probably longer,” he added.

On the increasing uptake of biofuels, he said Vitol is seeing demand for biofuel blended bunkers in Singapore roughly doubling every year at the moment, heading for around 1 million mt this year and maybe 2 million mt next year.

“Demand for 100% biofuel from shipping customers is also starting to pick up as of this year and we have led the way in commissioning new IMO type 2 barges to fulfil this demand - indeed an important Asian customer of ours has taken three deliveries of B100 UCOME biofuel just in recent weeks here in Singapore,” Muller explained.

Manifold Times previously reported Vitol securing three LNG Bunkering Vessels (LNGBV) through its shipping company, Vitol International Shipping Pte Ltd (VIS).

The vessels were secured via a seven to ten year time charter agreement with Avenir LNG Limited (Avenir) and an order for two vessels at the CIMC Sinopacific Offshore & Engineering Co. Ltd shipyard in Nantong, China.

The time charter agreement with Avenir is for one newbuild 20,000m3 LNGBV. The time charter will commence at delivery from the shipyard in China in Q4 2026 and will serve a period of seven years with options to extend up to ten years in total

Vitol also ordered one 12,500 m3 and one 20,000 m3 LNGBV at the CIMC SOE shipyard in China. The vessels will be delivered in Q4 2026 and Q3 2027 respectively.

Photo credit: Vitol
Published: 11 October, 2024

Bunker Fuel

SIBCON 2024: Bunker players sign SCMA pledge to drive progress within Maritime Singapore

Bunker players involved include Consort Bunkers, Equatorial Marine Fuel, Golden Island, Hong Lam Marine, Kenoil Marine Services, Marubeni International Petroleum and Sinopec Fuel Oil.

Published

2 days ago

October 11, 2024

Admin

SIBCON 2024: Bunker players sign SCMA pledge to drive progress within Maritime Singapore

Some 10 bunker players on Tuesday (8 October) signed a pledge with Singapore Chamber of Maritime Arbitration (SCMA) at the 23rd Singapore International Bunkering Conference and Exhibition (SIBCON).

The bunker players involved are Consort Bunkers Pte Ltd, Equatorial Marine Fuel Management Services Pte Ltd, Fratelli Cosulich Bunkers (S) Pte Ltd, Global Energy Trading Pte Ltd, Golden Island Pte Ltd, Hong Lam Marine Pte Ltd, Kenoil Marine Services Pte Ltd, Marubeni International Petroleum (S) Pte Ltd, Sinopec Fuel Oil (Singapore) Pte ltd and Victory Pte Ltd.

SCMA and the pledgees will work together to promote and enhance the capabilities and opportunities within the Maritime Singapore community and ecosystem.

Among the aspirational goals embodied by the SCMA Pledge is that the pledgees give preferential consideration, where appropriate, for the use of the SCMA Arbitration Rules for the resolution of their maritime or international trade disputes.

The bunker players may also use its best endeavours to support the Maritime Singapore community and ecosystem, including contributing to the development and dissemination of best practices as well as providing support and opportunity to young maritime legal and dispute resolution professionals in the form of internships, mentorships, and educational seminars aimed at fostering the next generation of maritime leaders.

SCMA, a specialist arbitration institution, is the only arbitration institution in Singapore focused on maritime and international trade disputes.

It offers the maritime and international trade sectors a set of arbitration rules and guidelines which are flexible and cost effective.

Users of SCMA arbitration include maritime companies, international traders and commodity companies for the resolution of their disputes such as those involving charterparty, bunker, commercial sales, cargo, oil and gas, shipbuilding and ship repair.

Photo credit: Singapore Chamber of Maritime Arbitration
Published: 11 October, 2024