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Singapore: ITOCHU and GoodFuels to scale marine biofuel bunkering across Asia-Pacific

Duo will initially focus on the supply of sustainable marine biofuels to all Singaporean territorial waters, waterways, and harbours, as well as those transiting the Strait of Malacca.

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Japanese general trading company ITOCHU Corporation and marine biofuel supplier GoodFuels on Wednesday (18 May) announced a new partnership agreement to scale sustainable marine biofuel in Singapore, Japan and Asia-Pacific.

This new strategic partnership will enable the two companies to build the market and the supply chain necessary for wider adoption of marine biofuel.

This long-term partnership, which was signed on 12 May 2022, will combine ITOCHU’s mature trading and supply operations and developed client base with GoodFuels’ deep expertise in sustainable biofuels, extensive client and sourcing portfolio and strong sustainable impact brand. 

Under the partnership, ITOCHU will be responsible for logistics, blending and distribution, whilst GoodFuels will mainly be responsible for sourcing, production, technical expertise and brand marketing. Both parties will share responsibilities in sales and marketing and work jointly towards scaling capabilities in production and sourcing.

ITOCHU and GoodFuels will initially focus on the supply of sustainable marine biofuels to all Singaporean territorial waters, waterways, and harbours, as well as prospective customers transiting the Strait of Malacca. Then, in the second phase of the partnership, the companies plan to scale up deliveries to the wider Asia-Pacific region, including Japan.

ITOCHU is actively engaged in the wholesale, distribution, and bunkering of petroleum products in both Singapore and Japan, while GoodFuels specialises in the sourcing, development, production, and delivery of sustainable marine biofuels with a presence in the Netherlands and Singapore. 

GoodFuels’ sustainable marine biofuels deliver an 80-90% well-to-exhaust reduction of CO2 emissions for oceangoing vessels. 

They require no technical changes to the tanks or engines and are produced from independently certified renewable feedstocks that cannot be used for any higher quality application or recycling.

Ted Tanaka, Managing Director of ITOCHU Petroleum Singapore, the flagship energy trading arm of ITOCHU, said: “Partnering with GoodFuels is a significant step forward for meeting our customers’ needs for low carbon fuels. We will steadily respond to the changing environment from a customer-oriented perspective by working with GoodFuels to build an integrated supply chain for sustainable marine biofuels.”

Dirk Kronemeijer, CEO of the GoodNRG Group, said: “As GoodFuels looks to further scale up its presence in Asia-Pacific and respond to growing demand for sustainable marine biofuels in the region, we knew that we had to find partners whose competencies and values match with our own mission to bring about a better world.” 

“This new, long-term partnership agreement with ITOCHU will help us to fulfil our joined ambitions and enable more shipowners in Singapore and Japan to immediately accelerate their decarbonisation efforts via our advanced marine biofuels.”

“Moreover, ITOCHU’s expertise in the marine fuel market and experience with other low carbon marine fuel solutions will be invaluable as we look to enable two of the world’s most important maritime nations to deploy our advanced biofuels and reduce carbon emissions from shipping.”

“Now, the next step begins. Today, we call on the industry, our clients, and partners to join us in making the market for low carbon marine fuels in Asia, above and beyond the pace of regulation. At the same time, we will continue to work with governments and port authorities in the region to support them as they scale up measures that lay the pathway for truly sustainable low carbon fuels.”

Jing Xieng JX Han, General Manager GoodFuels Asia Pacific and manager of the partnership said: “We are excited to begin working together with ITOCHU to scale uptake of our sustainable marine biofuel in Singapore, Japan, and Asia-Pacific. This partnership will give us the distribution and sourcing power we need to service both our loyal existing and new local client base in the best possible way across Asia.”

 

Photo credit: Shaah Shahidh on Unsplash
Published: 19 May, 2022

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Bunker Fuel

SMW 2024: Singapore is preparing port for multi-fuel future, says Transport Minister.

‘Our industry has brought in new bunker tankers capable of bunkering higher blends of biofuel and methanol, paving the way for greater emissions reduction for vessels,’ says Chee Hong Tat.

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SMW 2024: Singapore is preparing port for a multi-fuel future, says Transport Minister.

Singapore has moved decisively to ensure energy and fuel resilience as international shipping looks to alternative fuels to meet global decarbonisation targets, said Singapore’s Minister for Transport Mr Chee Hong Tat on Monday (15 April).

In his speech at the Singapore Maritime Week (SMW) 2024 opening ceremony, he said Singapore is preparing its port for a multi-fuel future.

“Our industry has brought in new bunker tankers capable of bunkering higher blends of biofuel and methanol, paving the way for greater emissions reduction for vessels,” he said.

“MPA has also issued Expressions of Interest (EOI) for the alternative fuels ammonia and methanol over this past year.

“For our ammonia EOI, we have shortlisted six consortiums, and are studying their comprehensive proposals for the supply of ammonia for bunkering and power generation in Singapore.”

Chee added reliability and resilience also mean that Singapore upholds the highest standards for safety, efficiency, and quality. 

“Enterprise Singapore, through the Singapore Standards Council, has been working closely with industry partners to introduce national standards to support the digitalisation of bunkering supply chain documentation, as well as on methanol and ammonia bunkering.”

“As a major maritime and bunkering hub, Singapore is committed to continue serving as a trusted node for international shipping.”

Chee said this when elaborating on Singapore’s focus to grow the republic as a hub for reliable and resilient maritime operations, one of three important areas the republic will prioritise on growing its maritime sector. 

The other two areas are to grow Maritime Singapore as a hub for maritime innovation and as a hub for maritime talent development.

“Looking ahead, we expect some turbulence along the way, but we are confident that the global maritime industry will continue to grow,” Chee said.

“And Singapore as a hub port and International Maritime Centre can benefit from this growth and the opportunities it brings, including in emerging areas like digitalisation and decarbonisation.”

However, Chee warned Singapore shouldn’t take its success for granted and to continue improving productivity and competitiveness while staying relevant to changing requirements to be able to meet the needs of local and international stakeholders. 

“But we must not rest on our laurels, or make the mistake of thinking that these positive outcomes will happen on auto-pilot. A rising tide can indeed lift all boats, but the boat and its crew can only benefit if they are well-prepared when the water level rises,” he said.

Related: SMW2024: 18th Singapore Maritime Week opens with ‘Actions meet Ambition’ theme
Related: SMW 2024: MPA to set up facility for maritime workforce to train in handling new bunker fuels
Related: SMW 2024: Singapore-Rotterdam Green and Digital Shipping Corridor partners to implement first-mover pilot projects
RelatedSMW 2023: EOI for ammonia power generation and bunkering closing by 30 April
Related: Singapore gets its first dedicated methanol bunkering tanker “MT MAPLE”
Related: Singapore: Vitol Bunkers takes delivery of specialised biofuel bunker barge “Marine Future”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 16 April 2024

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Biofuel

Banle Energy arranges B24 bunkering services for “YM Utility” in Yantian

Transaction supports the first B24 biofuel supply in Shenzhen and Yang Ming’s inaugural B24 biofuel bunkering supply in China, says firm.

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Banle Energy arranges B24 bunkering services for “YM Utility” in Yantian

Banle Energy International Limited, a subsidiary of CBL International Limited, on Monday (15 April) announced the arrangement of B24 biofuel bunkering services for Yang Ming's vessel YM Utility at a port in Yantian, Shenzhen on 14 April.

“By providing Yang Ming with our B24 biofuel bunkering services, this transaction supports the first B24 biofuel supply in Shenzhen and Yang Ming's inaugural B24 biofuel bunkering supply in China,” the firm in a social media post. 

“As a company actively promoting the use of biofuels, we are making a significant contribution to the International Maritime Organization's (IMO) goal of reducing greenhouse gas emissions (GHG) from international shipping.”

“The B24 biofuel blend, as indicated by a study, is projected to reduce approximately 20% of Greenhouse Gas (GHG) emissions when compared with conventional fuel oil.”

As the firm focuses on expanding its operations in Europe, the firm added it will continue to forge strategic partnerships and explore new opportunities to provide efficient and reliable solutions.

 

Photo credit: Banle Energy International Limited
Published: 16 April 2024

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Methanol

Singapore bunker tanker to be equipped with MAN ES DF gensets

MAN Energy Solutions received an order for three MAN 6L21/31DF-M (Dual Fuel-Methanol) GenSets capable of running on methanol for a 7,990 dwt IMO Type II chemical bunker tanker.

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Singapore bunker tanker to be equipped with MAN ES DF gensets

MAN Energy Solutions (MAN ES) on Monday (15 April) said it has received an order for three MAN 6L21/31DF-M (Dual Fuel-Methanol) GenSets capable of running on methanol in connection with the construction of a 7,990 dwt IMO Type II chemical bunker tanker.

The newbuild will operate at the port of Singapore under charter to deliver marine fuels. The port itself is reported as laying plans for the steady supply of methanol from 2025 onwards in order to meet future, anticipated bunkering requirements for methanol-fuelled vessels. 

The dual-fuel engines will form part of a diesel-electric propulsion system on board the vessel with electrical motors driving twin fixed-pitch propellers via gearboxes; an onboard battery-storage system will optimise the use of the dual-fuelled generators. 

MAN Energy Solutions’ licensee, CMP – an engine-manufacturing division of Chinese State Shipbuilding Corporation (CSSC) – will build the engines in China and the vessel is scheduled for delivery during Q4, 2025.

Bjarne Foldager – Country Manager, Denmark – MAN Energy Solutions, said: “Seeing our trusted MAN L21/31 GenSets go into these ships as a methanol-fuelled version shows that maritime decarbonisation is a prominent consideration for shipowners in all vessel segments and sizes.”

“It also clearly illustrates, regardless of the market one serves as shipowner, that our broad, dual-fuel portfolio enables everyone to take part in the green transition.”

Thomas S. Hansen – Head of Sales and Promotion – MAN Energy Solutions, said: “The MAN L21/31 engine is well-established in the market having racked up some 2,750 sales.”

“The reliability of its cost-effective, port fuel-injection concept now prominently positions the 21/31DF-M as the preferred, medium-speed, small-bore engine for GenSet and diesel-electric propulsion solutions, while also meeting market demands to balance both CAPEX and OPEX.”

“With the shipping market currently experiencing an increased interest in methanol as marine fuel, and orders for methanol-fuelled ships steadily growing as part of many companies’ decarbonisation strategy, we feel that the introduction of this dual-fuel engine is timely.”

 

Photo credit: MAN Energy Solutions
Published: 16 April 2024

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