KPI OceanConnect, EcoCeres, Mitsui & Co. Energy Trading Singapore and Global Energy have jointly completed the delivery of 400 mt of HVO bunker fuel to a ‘renowned cruise line’ in Singapore.
Renewable fuel producer EcoCeres has jointly delivered 400 metric tonnes (mt) of Hydrotreated Vegetable Oil (HVO) with KPI OceanConnect, Mitsui & Co. Energy Trading Singapore, and Global Energy to a renowned cruise line in Singapore.
EcoCeres and Mitsui & Co. Energy Trading Singapore, a 100% subsidiary of Mitsui & Co, partnered with global leading provider of marine energy solutions KPI OceanConnect to provide renewable diesel/HVO for a cruise ship. The delivery was performed by an IMO Type II chemical tanker owned by Global Energy.
Earlier this year, KPI OceanConnect successfully completed its inaugural delivery of renewable diesel to the marine sector in Singapore. Building on this achievement, the company has now completed its second delivery, solidifying its position as a true innovator in sustainable marine bunkering.
The HVO is derived exclusively from pure waste materials, underlining the commitment of all parties involved to environmental stewardship and circular economy principles. This renewable fuel is projected to mitigate 1,477 tonnes of CO2 equivalent in emissions when compared to traditional fossil fuels.
Matti Lievonen, CEO of EcoCeres, said, “We are thrilled to lead this transformative initiative alongside Mitsui & Co. Energy Trading Singapore Pte. Ltd. and KPI OceanConnect. By introducing sustainable HVO for marine bunkering, we are not only revolutionizing industry practices but also driving towards a more sustainable future for maritime operations.”
“This collaboration exemplifies our shared commitment to environmental stewardship and underscores the potential of renewable solutions in reducing carbon footprints.”
Mr. Atsushi Noguchi, Chief Operating Officer, Trading Dept. of Mitsui & Co. Energy Trading Singapore, said: “This collaboration represents a significant step forward in the maritime industry’s low-carbon initiatives. We are proud to be part of this innovative partnership that focuses on providing sustainable solutions for marine bunkering. By leveraging HVO as a renewable fuel source, we are collectively contributing to the Maritime sector’s energy transition.”
Jesper Sørensen, Head of Alternative Fuels at KPI OceanConnect, said: “It is vital that we continue to collaborate on the development and expansion of supply for alternative biofuels to the maritime industry.”
Singapore is leading the way as an innovator of many firsts in the alternative fuels market. We are delighted to be collaborating with our partners on this project to facilitate the growth of biofuels in the region.”