Vitol expanding biofuel bunker delivery to Singapore in 2024
In Singapore, Vitol is strengthening its position in Asia’s expanding biofuel market, with the delivery of specialized bunker barges to Singapore in 2024.
From early next year, Vitol through its wholly-owned subsidiaries V-Bunkers and Vitol Bunkers will be able to offer a range of biofuel blends, from B24, B30 and even up to B100 if customers request it.
Currently, all vessels delivering bunker fuel in Singapore are oil tankers. These are permitted to only supply a fuel blended with biofuel up to 25% concentration. Any greater and IMO regulations stipulate a ‘IMO Type 2 chemical tanker’ ship is required.
The first IMO-Type 2 barge ordered by V-Bunkers will be delivered in January, to be followed by several more throughout 2024. Depending on demand, these vessels could also be upgraded to supply methanol. Bio and e-methanol are also significant pathways for the industry to achieve decarbonization and there have been a number of specialist dual-fuel methanol powered vessels on order for delivery starting from next year.
Category: Fuels
