HMM inks MoU to secure marine biofuels

In South Korea, logistics group HMM said it has signed a Memorandum of Understanding (MoU) with GS Caltex to secure marine biofuels. 

HMM also plans to conduct the trial use of the fuels on its three 24,000 TEU containerships in the second half of this year.

The marine biofuels comprise 30% biodiesel derived from used cooking oil and 70% high-sulfur fuel oil (HSFO). 

Park, Jinki, Senior Executive Vice President of HMM, said: “Based on this MoU, we expect to generate less greenhouse gas emissions and thereby contribute to limiting climate change. We will continue to enhance our environmental competence by accelerating R&D activities”.

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