Singapore-based consortium to launch marine drop-in biofuels pilot project

In Singapore, the Global Centre for Maritime Decarbonisation (GCMD) is leading a consortium of 18 industry partners to launch a drop-in biofuels pilot project with a combined contribution of S$18 million in cash and in-kind to establish an assurance framework for ensuring the supply chain integrity of current and future green marine fuels, bringing genuine benefits to end-users and the climate.

GCMD is undertaking a bottom-up approach by convening like-minded partners across the maritime industry to participate in this pilot. Altogether, the ship owners, charterers and operators participating in this pilot project represent approximately 2,300 vessels across the container, tanker and bulker segments, and are responsible for transporting 8.4 million TEUs or 80.6 million DWT globally. With 12 vessels bunkering at three ports across three continents, the learnings from these route-based pilots will support the green corridors framework that was put forth by the Clydebank Declaration at COP26 in October 2021, of which 24 states are signatories­ including Singapore, the Netherlands and the US where bunkering ports for this pilot project reside.