• Follow Us On Our Preferred Social Media Platform:

Korea: HMM signs MoU with GS Caltex to secure biofuel bunkers

27 Apr 2023

Korea-based integrated logistics company HMM on Wednesday (26 April) has signed a Memorandum of Understanding (MoU) with oil refiner GS Caltex to secure marine biofuels. 

The marine biofuels comprise 30% biodiesel derived from used cooking oil and 70% high-sulphur fuel oil (HSFO). 

HMM said it also planned to conduct the trial use of the fuels on its three 24,000 TEU containerships in the second half of this year.

In 2021, HMM performed the first test voyage using biofuels on its 13,100TEU containership. The vessel HMM Dream, deployed in EC1 (East Coast 1) service connecting Asia and the US East Coast, successfully completed the voyage in the Pacific Ocean.

Park, Jinki, Senior Executive Vice President of HMM, said, “Based on this MoU, we expect to generate less greenhouse gas emissions and thereby contribute to limiting climate change. We will continue to enhance our environmental competence by accelerating R&D activities “.

Related: Hyundai Merchant Marine “HMM Dream” undergoes successful biofuel trial on genset


Photo credit: HMM
Published: 27 April, 2023

Related News

Featured News

Our Industry Partners

PR Newswire