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PS Energy to develop bunker biofuels business; seeks industry collaborators to ‘jumpstart’ plan

‘IMO 2030 is approaching and it is clear the shipping industry is moving in the direction of consuming more sustainable marine fuels such as biofuels,’ explains PS Energy Executive Director Patrick Ng.

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Singapore marine fuel supplier CNC Petroleum Pte Ltd, a subsidiary of local fuel and lubricant distributor PS Energy Pte Ltd, is planning to expand its product portfolio to include bunker biofuels, learns Manifold Times.

“IMO 2030 is approaching and it is clear the international shipping industry is moving in the direction of consuming more sustainable marine fuels such as biofuels,” says Patrick Ng, the Executive Director of PS Energy.

“As a local SME operating at the world’s largest bunkering port, we are keen to contribute by embarking on an initiative to offer bunker biofuels at Singapore port.”

CNC Petroleum has already secured avails of B30 grade bunker biofuel from an oil major for distribution at Singapore port – a location where much is taking place to promote decarbonisation, notes Ng.

Numerous reports have forecast a decrease in international demand for diesel moving into 2050; Asia, however, continues to be the only region where diesel demand is expected to rise moving forward, he adds.

Coupled with the trend towards decarbonisation, the situation has resulted in his company looking at creating a more sustainable diesel product to cater for future demand.

“Even in Singapore, local government projects include an environmental, social, and governance (ESG) criteria as part of the tender for vendors. It is firm this will be the direction for now and it makes sense for us to start early investments to support players in this area,” states Ng.

Other Singapore-based businesses such as the local construction industry have also been keen to give biodiesel a try; this has led to PS Energy being involved in a pilot project to supply B7 biodiesel to heavy vehicles as part of a national trial.

“The use of biofuels as a bunker fuel for the marine sector, besides land-based applications, is a well-established practice in Europe; but part of the reason it never really took off widely in Asia has been related to price,” he explains.

“If successful, our operation is expected to reduce the cost for shipowners buying bunker biofuels by a sizeable amount; this is due to slimmer expenses incurred through use of our in-house logistics capabilities [i.e. company’s truck and bunker tanker fleet].

“Further, by gaining more support from interested parties, the higher demand for biofuels will allow for a significant reduction in the biofuel production costs when economies of scale are achieved, thus enabling an even lower selling price to the shipowners.”

“It will be a win-win not only for the entire maritime supply chain, but most importantly, for the environment as well.

“As such, we are looking for a variety of keen players, including shipowners and bunker traders both local and international, who are interested in getting involved so we can all jumpstart on this journey together.”

PS Energy truck

PS Energy truck

Contact Details

Patrick Ng
Executive Director
Email: [email protected]
Website: http://psenergy.com.sg/

 

Photo credit: PS Energy
Published: 9 July, 2021

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LNG Bunkering

Singapore: FueLNG achieves 400th LNG bunkering operation milestone

Bunker tanker “FueLNG Bellina” successfully delivered LNG bunker fuel to “BYD Shenzhen”, the world’s largest LNG-fuelled car carrier at Singapore anchorage during its maiden voyage.

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Singapore: FueLNG achieves 400th LNG bunkering operation milestone

Singapore’s licensed LNG bunker supplier FueLNG on Thursday (15 May) announced the successful completion of its 400th LNG ship-to-ship (STS) bunkering operation in the republic.

FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum Pte Ltd, marked the milestone with bunker tanker FueLNG Bellina successfully refuelling BYD Shenzhen, the world’s largest LNG-fuelled car carrier, at Singapore anchorage during its maiden voyage.

“With a capacity of 9,200 vehicles and equipped with dual-fuel LNG propulsion, the BYD SHENZHEN represents the next generation of low-emission maritime transport,” it said in a social media post. 

Shell said it supported BYD Shenzhen on its maiden voyage as the supplier of the LNG bunker fuel. 

“Like all LNG dual fuel vessels, BYD Shenzhen is on the pathway to net zero emissions. She can take bio-LNG, and in the future e-LNG, in her fuel mix for further emission reduction and regulatory compliance,” it said in a separate social media post. 

 

Photo credit: Shell
Published: 16 May, 2025

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Biofuel

Hong Kong: CPN hits new record for China’s largest B24 biofuel bunkering operation

Chimbusco Pan Nation delivered 6,300 mt of B24-VLSFO in Hong Kong to boxship “XIN LOS ANGELES” on 15 May, exceeding its previous record of 5,500 mt delivered in February 2025.

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Hong Kong: CPN hits new record for China's largest B24 biofuel bunkering operation

Hong Kong-based bunker supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Friday (16 May) said it has set a record for China’s largest B24 marine biofuel bunkering operation.

CPN said it delivered 6,300 metric tonnes (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.

“This collaboration reinforces CPN’s ability to execute large-scale marine biofuel bunkering with precision and reliability,” the company said in a social media post.

“By consistently supplying large volumes of B24 marine biofuel, CPN supports reduced carbon emissions and sustainable shipping practices globally.”

Related: CPN achieves largest B24 bio bunker fuel delivery in Hong Kong and China

 

Photo credit: Chimbusco Pan Nation Petro-Chemical
Published: 16 May, 2025

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Alternative Fuels

St1 delivers first locally produced biomethane to Swedish maritime sector for bunkering

St1 and its venture St1 Biokraft delivered their own Swedish-produced liquefied biomethane to Terntank’s vessel “Tern Ocean” in a bunkering operation at Port of Gothenburg.

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St1 delivers first locally produced biomethane to Swedish maritime sector for bunkering

Finnish energy company St1 and its venture St1 Biokraft delivered their own Swedish-produced liquefied biomethane, also known as bio-LNG, to the local maritime sector for the first time, according to Port of Gothenburg on Thursday (15 May). 

Terntank’s vessel Tern Ocean was bunkered with the biomethane at the Port of Gothenburg. 

St1 and St1 Biokraft are now aiming to become large-scale suppliers of biomethane for shipping, while the Port of Gothenburg continues to pursue its goal of becoming Scandinavia’s primary bunkering hub for alternative fuels.

The bunkering operation recently carried out at quay 519 in the Port of Gothenburg was an important pilot test for St1 and St1 Biokraft as suppliers of biomethane to the maritime sector. The operation also served as a pressure test of the collaboration required across all parts of the value chain, with Terntank, gas infrastructure owner Nordion Energi, and the producers themselves all playing crucial roles.

“In order to accelerate the maritime sector’s transition, it is essential that all actors across the value chain pull in the same direction, cooperate, and translate ambitions into practice. We are pleased to have all of this in place at the Port of Gothenburg,” said Therese Jällbrink, Head of Renewable Energy at the Port of Gothenburg.

“Liquefied biomethane is an important part of the fuel palette that must be available to support the shipping industry’s transition. It is one of the fuels the Port of Gothenburg is working with within the framework of green shipping corridors, aimed at creating the conditions for fossil-free logistics chains. This bunkering operation brings us another step closer to our ambition of becoming Scandinavia’s primary bunkering hub for alternative fuels.”

St1 and St1 Biokraft have ambitions to become large-scale suppliers of liquefied biomethane for the maritime sector, with several new production facilities planned across Sweden.

In 2026, energy infrastructure company Nordion Energi will build a liquefaction facility for biomethane at the Port of Gothenburg, which will be connected to the West Sweden gas grid. With the facility in place, a new opportunity will be created for biomethane producers connected to the gas network to reach the maritime market.

“Once the liquefaction plant is completed, we will have a solid solution in place at the Port of Gothenburg. This is a strategic step towards our goal of scaling up and offering competitive liquefied biomethane to the shipping sector, thereby taking a leading position in this segment,” said Ted Gustavsson, Head of Value Chain at St1 Biokraft.

 

Photo credit: Port of Gothenburg
Published: 16 May, 2025

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