Vitol Bunkers takes delivery of first biofuel barge in Asia.
Vitol Bunkers has taken delivery of the “Marine Future”, its first specialised bunker barge in Singapore, strengthening its position in Asia’s expanding biofuel bunker market.
The addition of this specialised IMO type 2 notation bunker tanker to the V-Bunkers fleet will uniquely make it possible to supply biofuel blends including B24, B30 and up to B100, depending on customer specifications.
Built in China, Marine Future is 102.6m in length and has the capacity to carry about 7,000 MT of biofuels.
The current fleet of bunker tankers in Singapore are classified as ‘oil tankers’ and are therefore restricted to a maximum of 25% bio component in biofuel blends. This new bunker tanker has no such restriction, hence can deliver bunker fuels consisting of 100% bio component (B100).
Biofuels are a key pathway for the hard-to-abate shipping sector to mitigate emissions. Biofuel sales in Singapore reached 520,000 tonnes in 2023 according to the Maritime and Port Authority of Singapore (MPA), representing a material increase on the prior year where volumes were 140,000 tonnes.
Mike Muller, head of Vitol Asia said:
We are delighted to now be able to offer our maritime customers the option to take up to 100% bio component bunker fuel here in Singapore and play our part in advancing the port’s decarbonisation efforts.
“Should there be demand, this vessel can also be re-configured in future to supply methanol”.
READ the latest news shaping the biofuels market at Biofuels Central
Vitol Bunkers takes delivery of first biofuel barge in Asia, February 22, 2024
