Western Bulk takes delivery of first carbon offset combined with bio fuel from TFG Marine

Western Bulk has taken delivery of its first carbon offset bio-blend bunker fuel (B30) from TFG Marine Pte Ltd (“TFG Marine”), the global marine fuel supply and procurement joint venture between Trafigura Group Pte (“Trafigura”) and shipping firms Frontline and Golden Ocean.

TFG Marine supplied 750 mt of B30 VLSFO bunker fuel to the Beks Ceyda bulk carrier in the Port of Rotterdam, with the full lifecycle emissions from the production, supply and consumption of the B30 fuel compensated with carbon credits.

“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”, said Kenneth Dam, TFG Marine’s Global Head of Bunkering.  “We assist customers with the measurement and reporting of the emissions associated with each voyage and offer a range of carbon reduction initiatives to help them achieve their emissions reduction goals.”

By blending biofuel into traditional VLSFO, 750mt of B30 grade marine fuel was supplied to the Beks Ceyda bulk carrier, reducing greenhouse gas emissions by approximately 25 percent when compared to traditional VLSFO alone. The remaining carbon emissions associated with the 750 mts of the delivered B30, around 2,200 mt of CO2e, were then offset with high quality nature-based Verified Carbon Standard credits with triple gold CCB (Climate, Community, Biodiversity Standards) certification.

“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”, said Jonas Larsen, Head of Bunkers and Derivatives for Western Bulk.

“Our industry needs to adapt to the required reduction in greenhouse gas emissions.  This delivery shows that we are moving in the right direction as we were able to sail the Mv Beks Ceyda for almost two months and complete two voyages with a combined greenhouse gas impact close to zero.  TFG Marine is an important counterparty for Western Bulk in our journey as we adapt to the needs of tomorrow”, concluded Mr Larsen.

For further information, please contact:

TFG Marine’s Global Press Office: Tel +41 (0) 22 592 4528 or Email: media.tfg@tfgmarine.com
Western Bulk Media Contacts:  Tel: +47 2313 3400 or Email: IR@westernbulk.com