MOL Drybulk is set to start sea trials later this month of the Panamax bulk carrier C.S. OLIVE running on biofuel supplied by Chevron Singapore.
In a statement issued today (10 June), MOL said that about 500 tons of International Sustainability & Carbon Certification (ISCC) certified biofuel will be delivered to the bulk carrier at the Port of Singapore.
The biofuel supplied by Chevron is blended with used cooking oil methyl ester as a 20% to 24% component in the VLSFO. According to MOL, this biofuel ‘can be used on vessels without changing engine specifications and is expected to decrease approximately 15% to 20% of exhausted CO2 based on lifecycle analysis’.
MOL has chartered the C.S. OLIVE from Chugoku Sougyo.