OOCL, IKEA and Kyocera Cooperate on B24 Biofuel Voyage

Source: OOCL

The fuel used on the voyage is a 24% biofuel blend, or B24. Replacing fossil fuels with biofuels can reduce carbon emissions in shipping, as the CO2 emitted when burning the primary fuel is absorbed by the growth of the biofuel feedstock. On a lifecycle basis, the majority of CO2 emissions are effectively eliminated by the cycle of absorbing CO2 from the atmosphere through plant/algae growth and then releasing it when the fuel is burned.

The carbon savings during the voyage will be attributed to the partners, reducing the carbon footprint of the cargo. A Green Certificate will be issued to each partner as a credible certification of the carbon emissions saved by choosing to use biofuel. This process is verified and supported by the Global Shipping Business Network (GSBN), with the calculation and allocation of carbon emissions saved tracked using blockchain technology, with a traceable and immutable record.

OOCL has been using biofuel on some of its vessels since 2023. Biofuels are typically a direct replacement for their fossil fuel equivalents, requiring minimal changes to machinery and operations on board. Trials of a range of biofuels on different types of vessels and engines have accelerated in recent months as companies seek to establish the compatibility of engines and biofuels, as well as the viability of biofuels as a means of reducing CO2 emissions without investing in costly retrofits.

Michael Xu, Director of Trades at OOCL, said: “Working with partners on low-carbon shipping is definitely a very important milestone in OOCL’s environmental and sustainability journey that enables both OOCL and our partners to advance towards their own decarbonisation roadmap. We are keen to establish additional long-lasting sustainability collaborations with all our partners and stakeholders to reduce emissions along the supply chain and to create a greener future together.”

Source: Phaata.com (via Seatrade-Maritime)

Phaata.com - Vietnam's First International Logistics Marketplace

► Find Better Freight Rates & Logistics Services!