KUALA LUMPUR, July 17 (Bernama) -- Banle Energy International Limited, a subsidiary of CBL International Limited (the Company) announced the completion of its first B24 biofuel bunkering operation in Hong Kong on July 14.
The Company is partnering with ASB Biodiesel (Hong Kong) Limited and Seven Seas Oil (Hong Kong) Limited with Saybolt as an international independent inspection and testing service provider to monitor the whole process in order to ensure both quality and quantity.
“B24 biofuel bunkering operation in Hong Kong is a significant step forward for our contribution of environmental sustainability and for the shipping industry's efforts to reduce carbon emissions.
“This sets the stage for the Hong Kong bunkering industry to use biofuels as a means to play its part for decarbonisation,” said CBL International Limited Chief Executive Officer and Chairman, Teck Lim Chia.
According to a statement, the Company has taken the initiative to support its efforts towards the 2023 IMO Greenhouse Gas Strategy (the Strategy), which was adopted at the Marine Environment Protection Committee (MEPC 80) in early July.
The Strategy sets ambitious targets for the shipping industry to reduce the total annual greenhouse gas (GHG) emissions from international shipping by at least 20 per cent and 70 per cent, with a goal of achieving 30 per cent and 80 per cent by 2030 and 2040 respectively, compared to 2008 levels.
In line with its direction focusing on environmental, social and governance (ESG), the Company is committed to promote biofuel, an ESG related product, in an effort to reduce GHG emissions.
Biofuels are being promoted as one of the low-carbon alternatives to the existing fossil oils as they could help to reduce GHG emissions and the related climate change impact from the shipping industry.
Established in 2015, CBL International Limited is the listing vehicle of Banle Group, an established marine fuel logistics company in Asia Pacific providing customers with one stop solution for vessel refuelling.
-- BERNAMA
No comments:
Post a Comment