California-based WasteFuel, a developer of low-carbon biofuels, on Thursday (13 January) launched WasteFuel Marine, a renewable fuel solution for the shipping sector.
WasteFuel Marine’s initial product will be bio-methanol for container ships.
The firm aims for its marine fuels to reduce CO2 emissions by 95% and Nitrogen Oxide emissions by up to 80% compared to conventional fuels.
“Methanol has exceptional appeal as a renewable fuel – it can use existing logistics infrastructure, works with proven engine designs and has a lower production cost relative to other renewable fuels,” said Mario De La Ossa, President of WasteFuel.
“Our production process optimises well established production methods to capture and use greenhouse gases found in our waste streams to produce a safe and highly versatile product to tackle the challenge of decarbonising logistics.”
WasteFuel has recently closed an oversubscribed fundraising round, it says. Investors in the company include Maersk, Marc Benioff’s TIME Ventures, i(x) investments, NetJets, Prime Infra, Guy Oseary, and Aileen Getty.
The company has several biorefinery projects underway to produce low-carbon fuels as an energy source for air, land, and sea applications.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.