The suitability of sustainable biofuel as an effective alternative to marine fossil fuel is being increasingly demonstrated through the growing number of tests and trials taking place across the industry.
By collaborating across the industry, we are exploring the introduction of innovative biodiesel blends to our own chartered fleet, in an effort to develop – together with like-minded players and institutions in the maritime space – a solution compatible with existing vessel engines and which therefore requires no infrastructure modification.
In June 2021, we successfully conducted our first trial of sustainable biofuel using a blend produced by converting waste cooking oil from Singapore’s food and beverage industry, reducing CO2 emissions by approximately 5% compared with using 100% conventional marine fuel.
In early 2022, we completed a second trial, also in Singapore, this time using a blend of biodiesel with very low sulphur fuel oil (VLSFO), the industry’s most widely used conventional marine fuel, demonstrating potential for sustainable biofuel to be used as a ‘drop-in’ fuel, improving its viability to help reduce emissions in the shipping sector.
We continue working with the relevant authorities and industry bodies to accelerate the introduction of sustainable biofuel blends.