Supporting and advancing future marine fuels technologies and investments, the U.S. Department of Energy (DOE) issued a Request for Information (RFI) to establish a consistent and reliable definition of sustainable marine fuels (SMF) to inform and coordinate with communities, industry, government, and other maritime stakeholders. Maritime Energy and Emissions Innovation Action Plan (Action Plan), a […]
December 19: Petrobras has signed contracts worth R$16.5 billion ($2.6 billion) with Bram Offshore and Starnav Serviços Marítimos for the construction and chartering of 12 platform supply vessels (PSVs). Of the total value of the contract, R$5.2 billion (approximately US$830 million) will be invested in the Brazilian shipbuilding industry. The vessels will be an integral […]
Indonesia’s plan to expand its biodiesel mandates from 1 January 2025 has raised concerns that it could curb global palm oil supplies. Indonesia’s plan to expand its biodiesel blending ratio mandate from 1 January 2025 appears increasingly likely to be implemented gradually as industry players seek a phased-in implementation, analysts said. Indonesia’s plan to increase […]
Parkland announced that it has successfully produced Canada’s first batch of low-carbon aviation fuel (SAF) at its Burnaby refinery. With the support of the Government of British Columbia, this is an important step towards delivering a made-in-Canada solution that can help reduce aviation emissions, promote economic growth and support British Columbia and Canada’s low-carbon goals. […]
Energy company Mabanaft has reached an agreement with shipping company Hapag-Lloyd to supply B30 marine biofuel. On 12 December, Mabanaft’s Waltershof tank farm in the German port of Hamburg will make the first test delivery of 1,000 metric tonnes of B30 very low sulphur fuel oil (VLSFO) to the container ship Delaware Express. The delivery, […]
The Malaysian Derivatives Exchange (Bursa Malaysia) introduced US dollar-denominated Used Cooking Oil futures on Monday, with a total of 42 transactions on the first day, equivalent to 1,050 metric tonnes of Used Cooking Oil changing hands. Bursa Malaysia Derivatives said in a statement that the launch of Used Cooking Oil futures is an important step […]
On 13 December, Republican Senator Joni Ernst of Iowa, Republican Senator Roger Marshall of Kansas, and four of their colleagues sent a letter to US Environmental Protection Agency (EPA) Administrator Michael Reagan regarding the surge in imports of used cooking oil (UCO), much of which comes from China. This follows letters sent in June by […]
Japan’s Saffaire Sky Energy has obtained international certification for sustainable aviation fuel (SAF) and is advancing its domestic SAF production project in Osaka prefecture, the company announced. Established in 2022, Saffaire Sky Energy is a joint venture between Japanese refiner Cosmo Oil, engineering firm JGC, and biodiesel producer Revo International. The company received the International […]
Samsung has secured a contract for a new biorefinery capable of producing Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to meet the growing global demand in the aviation and transportation industries. This marks Samsung’s first entry into the SAF market, a new business initiative in the era of energy transition. The company announced […]
South Korea’s Samsung E&A said Thursday it has been awarded a contract to build a refinery in Malaysia that will produce sustainable aviation fuel (SAF) and other biofuels. The contract, worth $955 million, was signed by Italian oil giant Eni Group on behalf of a joint venture between Malaysia’s Petronas and Japan’s Euglena Co Ltd. […]