Netherlands-based biofuel powered MOL’s merchant vessel’s successful trial voyage from Europe to USA
Singapore-based Ocean Network Express (ONE) in collaboration with Mitsui O.S.K. Lines successfully completed a trial voyage after bunkering at the port of Rotterdam in Netherlands. Using GoodFuels’ biofuel blended with conventional fossil fuels, this initiative is part of ONE’s mission to meet its carbon reduction targets in 2030 and 2050 respectively.
The sustainability mission
The fuel used in the trial is made from waste oils such as used cooking oil. Biofuels are considered to be carbon-neutral because the carbon dioxide (CO2) that is absorbed by the source of the biomass is equal to the CO2 released when the fuel is burned. It has gained worldwide attention as an environmentally-friendly alternative to fossil fuels.
GoodFuels’ sustainable biofuels are virtually free of sulphur oxides and deliver 80-90 per cent “well-to exhaust” CO2 reduction versus fossil fuel equivalents. They are functionally equivalent to petroleum derived marine fuels, and neither engine modification nor fuel infrastructure revision is required. GoodFuels only works with renewable feedstocks that cannot be used for any higher quality application or recycling and regarded as truly sustainable. The biofuel trial marks a positive step forward for ONE’s sustainability initiatives, which includes four areas of priority: Environment; Social; Governance; and Operational Excellence. Usage of biofuels will help address ONE’s environmental sustainability targets, which aim to reduce CO2 emissions (in gram/teu-km) by 25 per cent from 2018 baseline by 2030, and by 50 per cent by 2050.
Collaboration to reduce emissions
Takeshi Mishima, ONE’s general manager of fleet management said: “The collaboration between GoodFuels and ONE was excellent. This successful trial has confirmed that biofuel is one of the solutions to reduce Green House Gases. We will continue to invest in a cleaner, greener future.”
Michihiko Nakano, MOL’s general manager of bunker business division said: “We are committed to protect the health of our marine/global environmental as a social mission. MOL Group Environmental Vision 2.0 declares that we shall achieve sustainable net zero GHG emissions by the entire MOL Group. To realise the vision, we are pursuing possibilities of various alternative marine fuel options. The success of this trial verifies the availability of various leading alternative marine fuels and it is in line with MOL Group’s stance of continuously monitoring technological development trends. As a major shareholder of ONE, we welcome this success.”
Isabel Welten, GoodFuels’ chief commercial officer remarked: “We believe passionately in the requirement for shipping to decarbonise, and both sustainable, advanced biofuels have a central and immediate role to play in reducing emissions and our sector’s impact on the world. This partnership with ONE continues to build momentum behind a cleaner shipping sector, and shows what can be achieved when organisations collaborate to accelerate the adoption of alternative fuel solutions.”