Vitol Completes First Delivery of B30 Biofuel Blend in Singapore
03.29.2024 By Tank Terminals - NEWS

March 29, 2024 [Tank Storage]- Vitol Bunkers has completed the first delivery of B30 biofuel blend in Singapore, the first time that biofuel above concentration B25 has been delivered. A total of 1,100 MT of VLSFO B30 was delivered on 14 March 2024 to the vessel Grand Hero, a vehicle carrier chartered by Hyundai Glovis.

 

The delivery was carried out by Vitol Bunkers’ vessel the Marine Future, a specialised bunker barge that is uniquely capable of supplying biofuel blends including B24, B30 and up to B100.

Biofuels are set to play a key role in decarbonising the hard-to-abate shipping sector. Incorporating higher concentrations of biofuel blends is a key pathway to mitigating carbon emissions. In 2023 biofuel sales in Singapore reached around 520,000 tonnes, according to the Maritime and Port Authority of Singapore (MPA), up from 140,000 tonnes in 2022.

‘We are pleased to be part of Singapore’s journey to decarbonise its shipping sector,’ says Mike Muller, head of Vitol Asia. ‘Vitol Bunkers is delighted to be able to offer its customers a broad range of biofuels, up to 100% bunker fuel.’

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Finland's Neste Cuts Margin Target Again as Biofuel Prices Fall
07.26.2024 - NEWS
July 26, 2024 [Reuters]- Finnish oil refiner and biofuel maker Neste narrowed down its annual ren... Read More
Virya, Partners to Invest in 25-MW Belgian Green H2 Project
07.26.2024 - NEWS
July 26, 2024 [Renewables NowBelgian holding company Virya Energy NV and its partners HyoffGreen ... Read More
Valero Plans to Run Refineries at 92% of Combined Capacity in Q3 2024
07.26.2024 - NEWS
July 26, 2024 [Reuters]- U.S. refiner Valero Energy Corp plans to operate its 14 refineries up to... Read More
Angola's New Cabinda Refinery to Start up Later this Year-CEO
07.26.2024 - NEWS
July 26, 2024 [Reuters]- Angola’s new Cabinda crude oil refinery is on track to start up later ... Read More