Vitol Bunkers takes supply of first biofuel barge in Asia.
Vitol Bunkers has taken supply of the “Marine Future”, its first specialised bunker barge in Singapore, strengthening its place in Asia’s increasing biofuel bunker market.
The addition of this specialised IMO kind 2 notation bunker tanker to the V-Bunkers fleet will uniquely make it doable to provide biofuel blends together with B24, B30 and as much as B100, relying on buyer specs.
In-built China, Marine Future is 102.6m in size and has the capability to hold about 7,000 MT of biofuels.
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The present fleet of bunker tankers in Singapore are labeled as ‘oil tankers’ and are due to this fact restricted to a most of 25% bio part in biofuel blends. This new bunker tanker has no such restriction, therefore can ship bunker fuels consisting of 100% bio part (B100).
Biofuels are a key pathway for the hard-to-abate delivery sector to mitigate emissions. Biofuel gross sales in Singapore reached 520,000 tonnes in 2023 in keeping with the Maritime and Port Authority of Singapore (MPA), representing a fabric enhance on the prior yr the place volumes have been 140,000 tonnes.
Mike Muller, head of Vitol Asia stated:
We’re delighted to now have the ability to provide our maritime prospects the choice to take as much as 100% bio part bunker gas right here in Singapore and play our half in advancing the port’s decarbonisation efforts.
“Ought to there be demand, this vessel will also be re-configured in future to provide methanol”.
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Vitol Bunkers takes supply of first biofuel barge in Asia, February 22, 2024
