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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, 26 April 22
INDIA'S COAL IMPORTS ARE SHIFTING, THERMAL MORE THAN COKING - REUTERS
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring ...
Monday, 18 April 22
GERMAN COAL IMPORTERS EXPECT A BRIEF SPIKE IN PRICES ON EU BAN - REUTERS
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the c ...
Monday, 18 April 22
FINNISH 'LOOPHOLES' ALLOW IMPORTS OF RUSSIAN COAL AND OIL TO CONTINUE - EURONEWS
Activists in Finland are calling for the government to clamp down faster on state-owned companies that continue to import raw materials from Russia ...
Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
...
Monday, 18 April 22
DEMAND FOR THERMAL COAL TO RISE DUE TO INCREASE IN ELECTRICITY DEMAND: INDIAN COAL MINISTRY - PTI
Coal block allocatees have a golden opportunity to augment production as the demand for thermal coal will rise due to an increase in electricity de ...
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- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Australian Coal Association
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
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