The Netherlands-headed energy and petroleum products trader Vitol Group (Vitol) has announced that it has successfully completed its first biofuel deliveries in the Port of Fujairah, United Arab Emirates (UAE) thereby "demonstrating its ongoing commitment to sustainable fuel solutions."
Certified biofuels are expected to play a key role in helping the hard-to-abate maritime sector to decarbonize and reduce greenhouse gas (GHG) emissions on a well-to-wake basis, can actively reduce a vessel’s Carbon Intensity Indicator (CII), and count as a zero carbon dioxide (CO2) emissions factor once shipping joins the EU’s Emissions Trading System [ETS] in 2024.
Through its wholly-owned bunker arm, Vitol Bunkers, two vessels received B24 VLSFO on December 8 and 14 respectively.
The fuel was sourced from its Fujairah-based refinery FRL and blended with regionally sourced biofuel at VTTI storage facilities.
The deliveries coincided with COP28, and according to Vitol Bunkers, the delivery was enabled thanks to the Port of Fujairah and the Government of the UAE for their “progressive sustainable policies.”
