Korea: POSCO bulk carriers to bunker GS Caltex bio bunker fuel for trial
- Published
by Admin
South Korean oil refiner GS Caltex on Thursday (5 October) said it is collaborating with Korea’s steel company POSCO and shipbuilder H Line Shipping to reduce carbon in the shipping sector with the promotion of biofuel bunkers.
The three signed a memorandum of understanding (MoU) at GS Tower in Gangnam-gu, Seoul.
The trio plan to conduct trial operations by supplying biofuel bunkers to POSCO’s bulk carriers in early October.
GS Caltex said it will secure the demand for the smooth supply of biofuel and the establishment of production infrastructure, while POSCO will reduce the carbon emissions of shipping logistics transported through H Line Shipping, taking one step closer to the 2050 carbon neutrality goal declared in December 2020.
“It is significant that we have taken a preemptive step by conducting a pilot operation of bio marine oil on behalf of a domestic dedicated shipping company,” said Lee Seon-haeng, head of the management support division at H Line Shipping. “
“H Line Shipping will not only expand global maritime transportation, but also support existing customers. We plan to provide highly satisfying transportation services and solutions to customers.”
Manifold Times previously reported GS Caltex launching a pilot operation of a container ship that runs on its bio bunker fuel in collaboration with Korea-based integrated logistics company HMM in Busan.
Related: Korea: HMM, GS Caltex begin pilot operation of boxship running bio bunker fuel
Photo credit: GS Caltex
Published: 6 October, 2023
