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Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
 GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine biofuel to NYK’s bulk carrier MV Frontier Explorer, in the first such delivery to a major maritime client since the company opened its Singapore office.
MV Frontier Explorer was refuelled with biofuel in a blend with VLSFO during its port call to Singapore on 5 July, en route from Australia to India.
The delivery was the first to be managed under GoodFuels’ partnership with ITOCHU, which was announced in May. ITOCHU was responsible for logistics, blending and distribution of the biofuel blend, whilst GoodFuels handled sourcing, technical expertise, and sales, including working closely with NYK’s technical and commercial team. GoodFuels also worked with a licensed bunker supplier to carry out the bunkering.
The bunkering comes as a significant milestone for GoodFuels, with the organisation quick off the mark in Asia Pacific to respond to growing demand for low carbon marine fuels. It proves the resilience and robustness of GoodFuels’ recently created biofuel supply chain in Singapore, positioning the company to supply its clients in multiple locations and accept more orders for sustainable marine biofuel in the near future.
It also marks the next evolution in GoodFuels’ growing relationship with NYK. GoodFuels first supplied an NYK-owned vessel with biofuel in January 2019 in Rotterdam.
Speaking on the announcement, Jing Xieng JX Han, General Manager, GoodFuels Asia Pacific, said: “It’s important to underline just how significant this first refueling with NYK is for GoodFuels’ presence in Asia. Just a few months after commencing operations in Singapore, and hot on the heels of our recent agreement with ITOCHU, we are proving to the market that we are ready to supply our sustainable biofuels solutions to meet growing demand in the region.”
“NYK is a valued and long-term partner for GoodFuels and today’s announcement once again underlines our ability to work quickly and flexibly with many parties to make sure a bio-bunkering happens, from sales through to supply.”
“We anticipate that demand for sustainable marine biofuels will continue to grow in Asia, particularly as the global efforts to decarbonise shipping intensify. At GoodFuels, we are committed to playing a significant role in accelerating the energy transition in the transport sector. We will work hard to source new sustainable feedstocks and ramp up our sources of supply in Asia, ensuring that we built a robust and responsive organisation that can enable shipowners to make a tangible and immediate impact on their emissions.”
Yusuke Niizuma, Manager Global Mineral Resources Group at NYK LINE added: “We are excited to continue our collaboration with GoodFuels, following our mutual ambition to reduce greenhouse gases (“GHG”) emitted from ships by oceangoing shipping around the world. In March this year, NYK released the updated “NYK Group ESG Story 2022”. In the process of achieving the long-term target of net-zero emissions of GHG by 2050, continuously increasing biofuel usage within the group’s fleet is one of our ESG activities.”
GoodFuels’ partnership with ITOCHU, which saw the companies agree to cooperate on providing access to sustainable marine biofuels in all Singaporean territorial waters, waterways, and harbours, will also see both organisations work together to scale up supply of sustainable marine biofuel in Asia Pacific by identifying potential feedstocks.
Ted Tanaka, Managing Director of ITOCHU Petroleum Singapore, the flagship energy trading arm of ITOCHU Corporation, said: “I am very pleased to see the supply of biofuel to NYK. This delivery demonstrates to our customers and the industry our ability to supply the biofuel in Singapore shortly after the formation of strategic partnership with GoodFuels. Together with GoodFuels, we will continue meeting our customers’ needs for low carbon fuels.”
All the types of feedstocks that GoodFuels uses to produce its biofuels are assessed by an independent sustainability board to validate their sustainability credentials. To ensure that feedstocks are 100% waste or residues and cannot be used for food and feed, all GoodFuels’ biofuels gain International Sustainability & Carbon Certification (ISCC).
Source: Good Fuels
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Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from ...
Friday, 09 September 22
CHINA'S DROUGHT INTENSIFIES GLOBAL COAL SHORTAGE - REUTERS
China’s drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to me ...
Thursday, 08 September 22
MOODY.S AFFIRMS ABM INVESTAMA'S B1 RATINGS FOLLOWING PLANNED MINORITY INVESTMENT IN COAL MINER; OUTLOOK STABLE
Moody's Investors Service has affirmed ABM Investama Tbk (P.T.)'s B1 corporate family rating (CFR), along with the B1 rating on its senior ...
Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...
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- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Australian Coal Association
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- White Energy Company Limited
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
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