Peninsula fixes biofuel beal for Okay Line.
Peninsula, the main world impartial marine vitality provider, has mounted its first Biofuel deal for Kawasaki Kisen Kaisha (“Okay” Line), one of many largest Japanese marine transportation corporations.
Peninsula’s Bunker Buying and selling crew organized the supply of 700 tons of UCOME-based B24 marine biofuel to the “Okay” Line oceangoing bulk service, “M/V Cape Amal”, by native bodily provider, Chimbusco Pan Nation (CPN). The profitable operation happened on August 11 in Hong Kong.
With biofuels demand anticipated to extend exponentially as a consequence of elevated regulation, Peninsula’s intensive business community is ideally positioned to assist prospects taking provide of decrease carbon merchandise by bringing collectively provide and demand of latest fuels. By way of its distinctive mixture of bodily supply and reselling of other fuels, Peninsula will drive decarbonisation options to help its prospects in assembly, and exceeding, their regulatory commitments.
Persevering with its funding in offering decrease carbon options, Peninsula’s dedication to lowering emissions in delivery goes past biofuels. Will probably be taking supply of its newly constructed LNG bunker vessel “Levante LNG” which can add bodily capability within the Mediterranean to its already lively reselling enterprise on this product.
Nacho de Miguel, Head of Various Fuels and Sustainability at Peninsula stated:
Our deal with key ports, the place there may be adequate demand for various merchandise equivalent to Biofuels and LNG/BioLNG.
“We’ve got seen elevated exercise within the Western Mediterranean and ARA areas in addition to a rise in very promising prospects by our community in Asia. The “Okay” Line deal wouldn’t have been attainable with out their belief and the strong relationships held by our regional workplaces and I wish to thank everybody concerned on this deal.”
Victor Morales, Chief Business Officer for Peninsula added:
I wish to thank “Okay” Line for putting their belief in Peninsula. Having the ability to construct these relationships with different respected, blue-chip corporations will permit us to assist the delivery trade’s decarbonisation journey.
“We look ahead to persevering with our exercise globally and to construct on our fame as probably the most dependable firm in bunkering. Our imaginative and prescient is to have the ability to present our prospects with fuelling options throughout the totally different product classes as they’re adopted by the trade”.
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Peninsula Fixes Biofuel Deal for Okay Line, August 15, 2023