14.9 C
Hamburg
Friday, May 26, 2023
Evergreen Line
Evergreen Line
Evergreen Line
Home News Hapag-Lloyd and ExxonMobil ink marine biofuel agreement

Hapag-Lloyd and ExxonMobil ink marine biofuel agreement

ExxonMobil signed an agreement with Hapag-Lloyd in order to supply the German ocean carrier with B30 marine biofuel oil in the Amsterdam-Rotterdam-Antwerp (ARA) region.

The marine biofuel delivery in ARA consisted in a 0.50% sulphur residual-based fuel (VLSFO) processed with waste-based fatty acid methyl esters (FAME). The resulting blend met ISO 8217:2017, while the FAME content complied with EN 14214.

The FAME components were ISCC-certified 2nd generation, meaning that they do not compete for water and agricultural resources used for food production.

ExxonMobil said in a statement that the fuel, which can deliver a carbon dioxide (CO2) reduction of up to 87% for the bio-component, offers vessel operators a workable solution when looking to reduce the greenhouse gas emissions from their operations.

"This agreement and delivery marks an important development for both ExxonMobil and our customers," pointed out Aly Abdelmotaal, regional marine marketing manager of ExxonMobil.

He added, "By boosting our biofuel offer we can now further support the marine industry’s commitment to reducing GHG emissions, in line with the International Maritime Organization’s (IMO) stated ambitions."

Latest Posts

Drewry’s World Container Index drops this week

Drewry’s composite World Container Index (WCI) decreased by 2% to US$1,685.32 per 40ft container this week.Source: Drewry World Container Index, Drewry Supply Chain AdvisorsThe...

Houston Ship Channel generates over US$900 billion economic value to the US

Results from the John Martin Associates study showed that in 2022, the Houston Ship Channel generated US$$906 billion of economic value to the United...

MSC’s Swan service reinstated to North Europe and Poland

MSC's Swan service, which links main ports in China with North European ports in Benelux, Gdynia, Gdansk and Klaipeda, is being reintroduced as a...

DP World cut global carbon emmissions in 2022

DP World cut direct carbon emissions from its global operations by 5% last year, according to its latest Environmental Social and Governance (ESG) report,...

World’s largest container ship arrives at Port of Antwerp-Bruges

World's largest container ship MSC Loreto arrived in Antwerp, Belgium to load and unload containers at the MSC PSA European Terminal (MPET) in the...