Japanese shipping giant Mitsui O.S.K. Lines (MOL) wants to promote the use of marine biodiesel fuel in China.
To accomplish that, MOL will work together with China’s fuel supplier SINOPEC Zhejiang Zhoushan Petroleum and Japan’s trading company Marubeni Corporation for the establishment of a long-term supply system for marine biodiesel fuel.
MOL will work to expand the use of biodiesel fuel in China, while SINOPEC and Marubeni will develop infrastructure such as storage and transportation facilities and supply ports, and ensure the stable availability of biodiesel fuel.
Amid strengthening global environmental regulations and the accelerating trend toward decarbonization, the international shipping industry is trying to reduce greenhouse gas (GHG) emissions.
Biodiesel fuel, a “drop-in” alternative, can be used without modifying existing marine internal combustion engines.
According to MOL, it is gaining attention as a solution capable of significantly reducing CO2 emissions over its entire lifecycle compared to conventional marine fuels such as heavy oil.
To proactively advance decarbonization efforts in the biodiesel fuel sector, MOL will collaborate with SINOPEC and Marubeni in China, a key supplier of biodiesel fuel feedstocks, to establish a long-term framework for biodiesel fuel supply and procurement at an early stage.
