Japanese shipping major, MOL, and Japan’s to marine fuels seller, Marubeni, have joined hands with China’s largest fuel supplier, Sinopec Zhejiang Zhoushan Petroleum.
The three giants have signed an MoU to help establish a long-term supply system for marine biodiesel fuel.
MOL will work to expand the use of biodiesel in China, while Sinopec and Maubeni will develop infrastructure, storage, and transportation facilities, and supply ports to ensure the stable availability of biodiesel.
“Biodiesel fuel, a “drop-in” alternative that can be used without modifying existing marine internal combustion engines, is gaining attention as an effective solution capable of significantly reducing CO2 emissions over its entire lifecycle compared to conventional marine fuels such as heavy oil,” MOL says.
