Sinopec, MOL and Marubeni to develop long-term supply for biodiesel bunker fuel

Mitsui OSK Lines (MOL) on Thursday (11 December) announced that MOL, China’s largest fuel supplier Sinopec Zhejiang Zhoushan Petroleum Co., Ltd. (Sinopec), and Marubeni Corporation, which holds the top share in the marine fuel sales market for Japanese shipowners in China, have signed a Memorandum of Understanding (MoU) for the establishment of a long-term supply system for marine biodiesel fuel.

The MoU aims to establish a long-term and stable supply system for biodiesel fuel-a key alternative to heavy oil-through collaboration with SINOPEC and Marubeni in support of decarbonisation efforts. 

“MOL will work to expand the use of biodiesel fuel in China, while SINOPEC and Marubeni will develop infrastructure such as storage and transportation facilities and supply ports, and ensure the stable availability of biodiesel fuel,” the company said. 

To proactively advance decarbonisation efforts in the biodiesel fuel sector, where future demand is expected to grow, MOL will collaborate with SINOPEC and Marubeni in China-a key supplier of biodiesel fuel feedstocks-to establish a long-term framework for biodiesel fuel supply and procurement at an early stage.

Photo credit: Mitsui OSK Lines
Published: 12 December, 2025