Mitsui O.S.Ok. Traces, Ltd. (MOL) introduced that its group firm, MOL Drybulk Ltd. will begin sea trials of the Panamax bulk provider C.S. Olive, chartered from Chugoku Sougyo, utilizing biofuel in late June 2022.
C.S. Olive
MOL signed a deal for biofuel provide with Chevron Singapore. About 500 tons of ISCC (Worldwide Sustainability & Carbon Certification)-certified biofuel can be bunkered on the vessel at Port of Singapore. The gasoline provided by Chevron Singapore will mix Used Cooking Oil Methyl Ester as a 20% to 24% part within the Very Low Sulfur Gas Oil (VLSFO) used onboard the ship.
This biofuel can be utilized on vessels with out altering engine specs and is predicted to lower CO2 emissions by roughly 15% to twenty% primarily based on lifecycle evaluation.
Biofuel is positioned as an efficient various to fossil fuels within the MOL Group’s new environmental technique ‘MOL Group Environmental Imaginative and prescient 2.1’, which was introduced in June 2021.
