10 December 2022
MOL, MOLCT, Trafigura, and TFG Marine have signed a memorandum of understanding (MOU). A joint study on the full-scale supply of biodiesel fuel (BDF) for MOLCT-operated vessels, in bunkering ports around the world.
TOKYO-Mitsui O.S.K. Lines, Ltd., its wholly-owned company MOL Chemical Tankers Pte. Ltd. (MOLCT), leading commodity trading company Trafigura Pte Ltd., and its vessel fuel supply joint-venture company TFG Marine Pte Ltd, have signed a Memorandum of Understanding (MOU) this month.
Particularly, the MOU is for a joint study on the full-scale supply of biodiesel fuel (BDF) for MOLCT-operated vessels. Thus, based on the MOU, the companies will move forward with the study; with the intention to establish a global supply of BDF for MOLCT’s operated fleet.
Therefore, as a part of the joint study, the companies have conducted a sea trial using TFG Marine-supplied BDF. Investigating the MOLCT-operated chemical tanker “Niseko Galaxy”. Hence, bunkering about 200 metric tonnes of BDF in the Port of Rotterdam, the Netherlands, in early March. Note that, the sea trial was completed as the vessel reached its journey off the U.S. Gulf Coast.
Moreover, TFG Marine’s BDF supplied for the sea trial required no modifications to the vessel’s diesel engine. The use of BDF will expectedly achieve a 25~30% reduction in CO2 emissions on a mix of 30% BDF and 70% conventional heavy fuel oil.
In June 2021, the MOL Group announced a target of achieving net-zero greenhouse gas emissions (GHGs) by 2050.
Furthermore, the Group set the initiative to “adopt clean alternative fuels” to help achieve this target, positioning BDF as an effective alternative to fossil fuels. MOL and MOLCT are continually promoting the adoption of BDF in a proactive manner, contributing to GHG emissions reduction in the process of ocean transport.