On June 5, at Shenzhen Shekou Container Terminal, China Marine Bunker (Petro China) Co Ltd (CHIMBUSCO) successfully supplied 3,850 tons of biofuel oil (B24) for the vessel ” Xin Yazhou” belonging to COSCO Shipping Lines. The oil supply operation took more than 14 hours, successfully completing the largest domestic marine biofuel oil refueling business, marking a new stage in the scale supply of domestic marine biofuel oil.
B24 biofuel is a clean fuel for marine use with a blend of 24% biodiesel, it can effectively reduce carbon emissions and reduce pollution to the environment. CHIMBUSCO has been devoted to greener maritime and promoting environmental sustainability over the years, the first global supply of B24 biofuel has been one of the long awaited success by CHIMBUSCO.
Since 2021, CHIMBUSCO has established a dedicated taskforce to conduct research on alternative fuels, including marine biofuel, which aimed at contributing to a more sustainable shipping industry. Compared to traditional marine diesel, B100 biodiesel can reduce carbon emissions impressively by around 84%, making it a pivotal solution in achieving greener maritime operations.
Normally, the selection of new fuels must take into account conversion costs and technological maturity, but biofuel oil can be used directly in the main engines and boilers of vessels without the need to modify existing engines and other power equipments, and is therefore also referred to as “ready-to-use green fuel”. The use of biofuel oil is an attractive option for vessels that have only or can choose to use conventional fuels.
The company’s efforts align with the International Maritime Organization’s (IMO) heightened focus on GHG emission reduction in the Marine Environment Protection Committee 80th session (MEPC 80), which aims to achieve “net-zero” emissions by 2050. They are approving the assignment of the CO2 Emission Conversion Factor (Cf) for biofuel from 1st October, 2023. CHIMBUSCO is committed to lead the marine fuel industry to eco-friendly port energy supply and achieving the global decarbonization goals. Amid increasing attention on sustainable development in the international shipping industry, CHIMBUSCO’s innovative green energy solutions illustrate CHIMBUSCO’s dedication to corporate social responsibility and its mission to fuel the industry’s sustainable growth.