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Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
 GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine biofuel to NYK’s bulk carrier MV Frontier Explorer, in the first such delivery to a major maritime client since the company opened its Singapore office.
MV Frontier Explorer was refuelled with biofuel in a blend with VLSFO during its port call to Singapore on 5 July, en route from Australia to India.
The delivery was the first to be managed under GoodFuels’ partnership with ITOCHU, which was announced in May. ITOCHU was responsible for logistics, blending and distribution of the biofuel blend, whilst GoodFuels handled sourcing, technical expertise, and sales, including working closely with NYK’s technical and commercial team. GoodFuels also worked with a licensed bunker supplier to carry out the bunkering.
The bunkering comes as a significant milestone for GoodFuels, with the organisation quick off the mark in Asia Pacific to respond to growing demand for low carbon marine fuels. It proves the resilience and robustness of GoodFuels’ recently created biofuel supply chain in Singapore, positioning the company to supply its clients in multiple locations and accept more orders for sustainable marine biofuel in the near future.
It also marks the next evolution in GoodFuels’ growing relationship with NYK. GoodFuels first supplied an NYK-owned vessel with biofuel in January 2019 in Rotterdam.
Speaking on the announcement, Jing Xieng JX Han, General Manager, GoodFuels Asia Pacific, said: “It’s important to underline just how significant this first refueling with NYK is for GoodFuels’ presence in Asia. Just a few months after commencing operations in Singapore, and hot on the heels of our recent agreement with ITOCHU, we are proving to the market that we are ready to supply our sustainable biofuels solutions to meet growing demand in the region.”
“NYK is a valued and long-term partner for GoodFuels and today’s announcement once again underlines our ability to work quickly and flexibly with many parties to make sure a bio-bunkering happens, from sales through to supply.”
“We anticipate that demand for sustainable marine biofuels will continue to grow in Asia, particularly as the global efforts to decarbonise shipping intensify. At GoodFuels, we are committed to playing a significant role in accelerating the energy transition in the transport sector. We will work hard to source new sustainable feedstocks and ramp up our sources of supply in Asia, ensuring that we built a robust and responsive organisation that can enable shipowners to make a tangible and immediate impact on their emissions.”
Yusuke Niizuma, Manager Global Mineral Resources Group at NYK LINE added: “We are excited to continue our collaboration with GoodFuels, following our mutual ambition to reduce greenhouse gases (“GHG”) emitted from ships by oceangoing shipping around the world. In March this year, NYK released the updated “NYK Group ESG Story 2022”. In the process of achieving the long-term target of net-zero emissions of GHG by 2050, continuously increasing biofuel usage within the group’s fleet is one of our ESG activities.”
GoodFuels’ partnership with ITOCHU, which saw the companies agree to cooperate on providing access to sustainable marine biofuels in all Singaporean territorial waters, waterways, and harbours, will also see both organisations work together to scale up supply of sustainable marine biofuel in Asia Pacific by identifying potential feedstocks.
Ted Tanaka, Managing Director of ITOCHU Petroleum Singapore, the flagship energy trading arm of ITOCHU Corporation, said: “I am very pleased to see the supply of biofuel to NYK. This delivery demonstrates to our customers and the industry our ability to supply the biofuel in Singapore shortly after the formation of strategic partnership with GoodFuels. Together with GoodFuels, we will continue meeting our customers’ needs for low carbon fuels.”
All the types of feedstocks that GoodFuels uses to produce its biofuels are assessed by an independent sustainability board to validate their sustainability credentials. To ensure that feedstocks are 100% waste or residues and cannot be used for food and feed, all GoodFuels’ biofuels gain International Sustainability & Carbon Certification (ISCC).
Source: Good Fuels
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Tuesday, 20 September 22
CHINA COAL OUTPUT UP 8.1 PCT IN AUGUST - XINHUA
China’s raw coal output posted stable expansion in August, official data showed.
The country produced 370 million tonnes of ra ...
Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA ...
Saturday, 17 September 22
CHINA WARNS COAL COMPANIES AGAINST DUAL CONTRACTS, KEEP PRICES STABLE - REUTERS
China’s state economic planner warned coal companies operating at ports in the Bohai Bay region to comply with their long-term contracts to k ...
Saturday, 17 September 22
IS A GLOBAL RECESSION IMMINENT? - WORLD BANK
Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions, has i ...
Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics.
...
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- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Economic Council, Georgia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
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