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Banle power launches its first biofuel bunkering operation in Hong Kong.
Banle Power Worldwide Restricted, a subsidiary of CBL Worldwide Restricted (NASDAQ: BANL) (the “Firm”), partnering with ASB Biodiesel (Hong Kong) Restricted and Seven Seas Oil (Hong Kong) Restricted accomplished our very first B24 biofuel bunkering operation in Hong Kong, with Saybolt as a global unbiased inspection and testing service supplier to observe the entire course of with a view to guarantee each high quality and amount.
Our Firm has taken the initiative to help our efforts in direction of the 2023 IMO Greenhouse Gasoline Technique (the “Technique”), which was adopted on the Marine Surroundings Safety Committee (MEPC 80) in early July.
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The Technique units bold targets for the delivery trade to cut back the full annual greenhouse fuel (“GHG”) emissions from worldwide delivery by not less than 20% and 70%, with a purpose of attaining 30% and 80% by 2030 and 2040 respectively, in comparison with 2008 ranges. According to our path specializing in ESG, we’re dedicated to advertise Biofuel, an ESG associated product, in an effort to cut back GHG emissions.
Biofuels are being promoted as one of many low-carbon alternate options to the prevailing fossil oils as they may assist to cut back GHG emissions and the associated local weather change impression from the delivery trade.
A proactive tradition is a part of our DNA, even again in 2019, our Firm was one of many first movers in selling and supplying very low sulphur gasoline oil (VLSFO) to our shoppers, forward of the “IMO 2020” regulation that was carried out in 2020. At the moment, we once more have taken the initiative in introducing B24 biofuel bunkering in Hong Kong.
Teck Lim Chia, our Chief Govt Officer and Chairman, mentioned:
B24 biofuel bunkering operation in Hong Kong is a big step ahead for our contribution of environmental sustainability and for the delivery trade’s efforts to cut back carbon emissions.
“This units the stage for the Hong Kong bunkering trade to make use of biofuels as a method to play its half for decarbonization.”
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Banle Power Launches Its First Biofuel Bunkering Operation in Hong Kong, HONG KONG, July 14, 2023