Chimbusco Pan Nation Petro-chemical Co Ltd (CPN), Hong Kong’s leading marine fuel oil provider, achieved a significant milestone on May 13th, 2024. In a groundbreaking operation, CPN supplied over 4,300 metric tons of ISCC-EU certified B24 high-sulphur marine biofuel to the vessel COSCO NETHERLANDS, operated by COSCO Shipping Holdings Co., Ltd.
This marked the first-ever B24 High-Sulphur Marine Biofuel supply operation in Hong Kong, signaling a pivotal moment for both environmental sustainability and COSCO’s decarbonization endeavors.
B24 marine biofuel, comprising 24% B100 biodiesel blended with Marine Fuel Oil, represents a significant step towards reducing carbon emissions and fostering environmental stewardship. CPN’s dedication to sustainable development has been evident since 2021, with the establishment of a dedicated taskforce focused on researching alternative fuels, including Marine Biofuel. This effort aimed to contribute to a more sustainable shipping industry and has resulted in the successful supply of B24 marine biofuel to over ten ocean-going vessels.
Compared to traditional marine diesel, B100 biodiesel boasts an impressive reduction in carbon emissions by at least 84%, underscoring its potential to drive substantial carbon reduction across the global shipping industry. CPN remains steadfast in its commitment to promoting environmental sustainability and advancing marine bunkering operations. The company pledges to continue developing and supplying innovative alternative fuels, thereby elevating environmental protection standards within the maritime sector.
In parallel, COSCO reaffirms its dedication to sustainable development by collaborating with suppliers to drive environmental initiatives in the maritime industry. Together, they aim to deliver more eco-friendly solutions throughout the port supply chain, contributing to a greener and more sustainable future for global shipping.
About Chimbusco Pan Nation Petro-Chemical Co.,
Chimbusco Pan Nation Petro-Chemical Co., Ltd is a premier bunker supplier headquartered in Hong Kong, with a global presence spanning Asia, America, and Europe, catering to vessels operating worldwide. Since our establishment in 1991, we have emerged as the foremost physical bunker supplier in Hong Kong, renowned for our efficient delivery of professional services and high-quality products.
In 2005, we solidified our position by forming a strategic joint venture with China Marine Bunker (PetroChina) Co., Ltd. (CHIMBUSCO), a key player in the Chinese marine fuel supply sector, thereby extending our reach from Hong Kong to China. With our headquarters in Hong Kong as the cornerstone, we have expanded our reach globally, from Asia to Europe and the Americas, to meet the diverse needs of vessels across the globe. Evolving from our origins as a physical supplier, we are committed to further expanding our services to offer comprehensive global bunker supply solutions, cementing our position as your trusted worldwide bunker partner.