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Mol Endowment News

21 Feb 2023

Decarbonization Center Finishes Two Trials for Biofuel Bunkering

The Global Center for Maritime Decarbonization (GCMD) has completed trials on two supply chains of biofuel blends for vessel bunkering, the center said on Tuesday.The maritime industry has been trying to source for green fuels to reduce carbon emissions ahead of the International Maritime Organization's 2030 and 2050 decarbonization targets. Biofuel bunkering is gaining traction in Singapore, with more than 90 biofuel bunkering operations completed last year, according to Singapore's Maritime and Port Authority.The trials were part of a $18 million global biofuels bunkering project launched by the GCMD in July last year, which is expected to span 12 to 18 months.The two trials took place from Oct. 31 to Feb.

19 Aug 2010

MOL Vessels Enrolled in Low Sulfur Fuel Program

MOL announced that it has voluntarily enrolled two of its vessels, the MOL Endowment and MOL Experience, in the Port Authority of New York and New Jersey Ocean Going Vessel Low Sulfur Fuel Program. MOL is one of the first ocean carriers to enroll in the Low Sulfur Fuel program, and is the first of the Japanese carriers to do so. The program provides incentives to operators of ocean vessels to utilize low-sulfur fuel in their main propulsion and auxiliary engines instead of bunker fuel known as Intermediate Fuel Oil 380. Switching to low-sulfur fuels reduces emissions of fine particles as well as carbon dioxide, nitrogen oxides, and nitrous oxide and contributes to the improvement of the environment.