Vitol has successfully completed its first biofuel deliveries in Fujairah, demonstrating its ongoing commitment to sustainable fuel solutions.
Through its wholly-owned bunker arm, Vitol Bunkers, two vessels received B24 VLSFO on December 8th and 14th.
The fuel was sourced from its Fujairah-based refinery FRL and blended with regionally-sourced biofuel at VTTI storage facilities.
Certified biofuels are expected to play a key role in helping the hard-to-abate maritime sector to decarbonise and reduce greenhouse gas (GHG) emissions on a well-to-wake basis, can actively reduce a vessel’s Carbon Intensity Indicator (CII), and count as a zero CO2 emissions factor once shipping joins the EU’s Emissions Trading System (ETS) in 2024.
The deliveries coincided with COP28. Vitol Bunkers thanks the port of Fujairah and the government of the UAE for their progressive sustainable policies that enabled the delivery to take place.
Vitol Bunkers specialises in providing energy solutions to the maritime sector. Building on Vitol’s long-standing presence across global bunkering markets, it supplies bunker fuels to ship and fleet owners around the world. www.vitolbunkers.com
Vitol is a leader in the energy sector with a presence across the spectrum: from oil to power, renewables and carbon. Vitol trades 7.4 million barrels per day of crude oil and products, and charters around 6,000 sea voyages every year.
Vitol’s counterparties include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol operates from some 40 offices worldwide and is invested in energy assets globally including: 17 m m3 of storage globally, roughly 500 k b/d of refining capacity, over 7,000 service stations and a growing portfolio of transitional and renewable energy assets. Revenues in 2022 were $505 billion.
Source: Hellenic Shipping News
