South Korea’s Dansuk completes first shipment of sustainable marine fuel to Europe

In South Korea, Argus reports that South Korean biodiesel producer Dansuk Industrial shipped 3,000 tons of sustainable marine fuel to the Netherlands in June, the company’s first export to Europe.

Dansuk produces 50,000 tons of ISCC-certified sustainable marine fuel per year at its manufacturing facilities in Pyeongtaek and Siheung, in Gyeonggi province from a blend of fatty acid pitch and acid oil pitch by-products of biodiesel made from used cooking oil and animal fats, bio-heavy oil and raw materials palm oil mill effluent, spent bleaching earth oil and cashew nut shell liquid.

The report also states that the company is also considering supplying Singapore and its domestic market, although South Korea currently has no incentives or mandates for its use. But Dansuk anticipates global demand of 10mn t/yr of eco-friendly marine fuel by 2050 as shipowners meet decarbonisation targets and the International Maritime Organisation’s limits on sulphur in fuel oil used by vessels operating outside designated emissions control areas (ECAs) to 0.5pc. Fuel oil used by ships operating inside ECAs is limited to 0.1pc sulphur.