TFG Marine is a marine fuel supply and procurement joint venture between Trafigura Group and shipping companies Frontline and Golden Ocean.
The Beks Ceyda bulk carrier at the Port of Rotterdam was supplied with 750mt of B30 very low sulphur fuel oils (VLSFO) bunker fuel, with the complete lifecycle emissions from the production, delivery and consumption of the B30 fuel compensated with carbon credits.
TFG Marine Global bunkering head Kenneth Dam said: “TFG Marine now regularly delivers biofuels to customers in the ARA region and is supporting customers, such as Western Bulk, to minimise and offset the carbon emissions generated from their shipping voyages through Trafigura’s portfolio of carbon reduction projects that are verified by leading registries.”
B30 grade marine fuel was created by mixing biofuel and traditional VLSFO.
This fuel is expected to reduce greenhouse gas emissions by nearly 25% in comparison with traditional VLSFO.
Later, the remaining carbon emissions associated with the 750mt of delivered B30 were adjusted with nature-based Verified Carbon Standard credits with triple gold Climate, Community and Biodiversity Standards (CCB) certification.
Western Bulk bunkers and derivatives head Jonas Larsen added: “Being able to combine biofuel with carbon offsets to reduce our carbon footprint is an important new tool for our business. These are the first steps towards meeting our long-term targets and to provide reduced emissions for our customers.”
In April 2020, the Maritime and Port Authority of Singapore (MPA) and Enterprise Singapore (ESG) awarded two new bunker supplier licences to TFG Marine and Minerva Bunkering.