ONE completes biofuel trial on ocean going container vessel
Ocean Network Express Pte. Ltd (ONE), a Singapore-headed container shipping business, has announced the successful trial use of biofuel to power the vessel M/V MOL Experience. The trial was completed on February 7, 2021, following bunkering at the Port of Rotterdam, the Netherlands, in November 2020, and was performed in collaboration with shipowner Mitsui O.S.K. Lines and leading biofuel pioneer GoodFuels.
During this first trial, the sustainable biofuel was blended with conventional fossil fuels enabling the M/V MOL Experience to make its Atlantic crossings between Europe and the United States (US). The success of the trial proves the viability of sustainable biofuels which will help ONE to meet its carbon reduction targets in 2030 and 2050 respectively.
The cooperation and coordination between GoodFuels and ONE was excellent, and the successful completion of the trial has confirmed that for ONE, biofuel is one of the solutions to reduce greenhouse gases. We at ONE shall continue to invest in a cleaner, greener future, said Takeshi Mishima, General Manager of Fleet Management, ONE.
Derived from renewable sources, the advanced biofuel used in the trial is made from waste oils such as used cooking oil (UCO) and considered to be carbon-neutral because the carbon dioxide (CO2) that is absorbed by the source of the biomass is equal to the CO2 released when the fuel is burned. It has gained attention around the world as an environmentally-friendly alternative to fossil fuels.
GoodFuels’ sustainable biofuels are virtually free of sulphur oxides (SOx) and deliver 80-90 percent “well-to-exhaust” CO2 reduction versus fossil fuel equivalents. They are functionally equivalent to petroleum-derived marine fuels, and no modification is required to the engine or the fuel infrastructure.
We believe passionately in the requirement for shipping to decarbonize, and sustainable, advanced biofuels have a central and immediate role to play in reducing emissions and our sector’s impact on the world. This partnership with ONE continues to build momentum behind a cleaner shipping sector and shows what can be achieved when organizations collaborate to accelerate the adoption of alternative fuel solutions, said Isabel Welten, Chief Commercial Officer, GoodFuels.
A step towards sustainability targets
GoodFuels only works with renewable feedstocks that cannot be used for any higher quality application or recycling and are therefore regarded as truly sustainable. The trial marks a positive step forward for ONE’s sustainability initiatives, which includes four areas of priority: Environment; Social; Governance; and operational excellence.
The use of biofuels will help address its environmental sustainability targets, which aims to reduce carbon dioxide emissions (in gram/teu-km) by 25 percent from our 2018 baseline by 2030, and by 50 percent by 2050,
MOL Group is committed to protecting the health of our marine / global environment as its social mission. MOL Group Environmental Vision 2.0 declares that we shall achieve sustainable net-zero GHG emissions by the entire MOL Group. In order to accomplish the vision, we are pursuing possibilities of various alternative marine fuel options. The success of this trial led to the verification of the availability of various leading alternative marine fuels and it is in line with the MOL Group’s stance of continuously monitoring technological development trends. As a major shareholder of ONE, we welcome this success, said Michihiko Nakano, General Manager of Bunker Business Division.