Vitol, a Swiss leading energy and commodities company, has achieved a significant milestone by completing its first biofuel deliveries in Fujairah, United Arab Emirates (UAE).
The deliveries were carried out through Vitol Bunkers, the company’s wholly-owned bunker arm. Two vessels received B24 VLSFO (Very Low Sulphur Fuel Oil) on December 8th and 14th. The fuel was sourced from Vitol’s Fujairah-based refinery, FRL, and blended with regionally-sourced biofuel at VTTI storage facilities.
Certified biofuels are anticipated to play a crucial role in helping the maritime sector, which is considered hard-to-abate, to decarbonize and reduce greenhouse gas (GHG) emissions on a well-to-wake basis. These biofuels have the potential to actively decrease a vessel’s Carbon Intensity Indicator (CII) and can be counted as having zero CO2 emissions once shipping joins the European Union’s Emissions Trading System (ETS) in 2024.
The timing of these deliveries was significant as they coincided with COP28, the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change. Vitol Bunkers expressed its gratitude to the port of Fujairah and the government of the UAE for their progressive sustainable policies that facilitated the successful delivery.
Vitol’s completion of the first biofuel deliveries in Fujairah demonstrates the company’s proactive approach to finding environmentally-friendly solutions in the energy sector. By embracing biofuels and aligning with sustainable policies, Vitol is reinforcing its commitment to reducing carbon emissions and advancing the cause of renewable energy.
