Mitsui O.S.K. Lines, Ltd. (MOL) has announced that its group company, MOL Drybulk Ltd., will start sea trials of Panamax bulk carrier “C.S. OLIVE”, chartered from Chugoku Sougyo, using biofuel in late June 2022.
MOL has signed a deal for biofuel supply with Chevron Singapore Pte. Ltd., and about 500 tons of biofuel certified by the International Sustainability & Carbon Certification will be bunkered on the vessel at the Port of Singapore. The biofuel supplied by Chevron Singapore is blended with Used Cooking Oil Methyl Ester as a 20% to 24% component in the VLSFO. This biofuel can be used on vessels without changing engine specifications and is expected to decrease approximately 15% to 20% of exhausted CO2 based on lifecycle analysis.
Biofuel is positioned as an effective alternative to fossil fuels in the MOL Group’s new environmental strategy, ‘MOL Group Environmental Vision 2.1’, which was announced in June 2021. MOL Group continually takes a proactive stance in promoting the Adoption of Clean Alternative Fuels, such as biofuel, with the aim of reducing greenhouse gas emissions in ocean transport.
MOL Group will contribute to realizing a sustainable society by promoting responses to sustainability issues, which are identified as social issues that must be addressed with priority through the business. MOL anticipates this initiative to contribute especially to the realization of “Environment Conservation for Marine and global environment”.
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