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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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Tuesday, 19 July 22
WHY SHIPPING MIGHT BE ABOUT TO GET A LITTLE BIT SLOWER - WORLD ECONOMIC FORUM
If shipping is the beating heart of global trade, its pulse is about to get slower.
Faced with uncertainty about which fuels to use in the long ...
Tuesday, 19 July 22
GERMANY'S INCREASED COAL, OIL USE WILL BE TEMPORARY, SCHOLZ SAYS - CNBC
Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war i ...
Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finan ...
Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when ...
Tuesday, 19 July 22
SEEING RED? - WOOD MACKENZIE
What a Republican mid-term victory could mean for US energy and climate policy
According to current polling the Republican Party has ...
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- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- White Energy Company Limited
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- The University of Queensland
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
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