GS Caltex sells its first bio-marine gasoil bunker in Singapore

In Singapore, Reuters reported that GS Caltex Singapore said it has sold its first cargo of biofuel-blended marine gasoil to Maersk Oil Trading (MOT) at the world’s largest bunker hub Singapore as the company seeks to expand into lower carbon fuels.

The sale is part of GS Caltex’s plans by to expand its biofuels supply chain overseas. 

GS Caltex said it delivered 1,000 metric tons of marine gasoil blended with 24% of Used Cooking Oil Methyl Ester (UCOME) to MOT’s bunker barge on an ex-wharf basis on November 8.

MOT has since delivered the fuel, also known as B24 or bio-MGO, to its container ships at Tanjung Pelapas in Malaysia, it added.

GS Caltex leased 10,000 cubic meters of biofuel storage tanks at Jurong Port Universal Terminal earlier this year to facilitate the blending of bio-MGO, the company said.

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