BP supplies biofuels at the Port of Wellington

bp Marine, part of energy group bp’s trading and shipping business, has signed a long-term supply agreement with integrated transport company StraitNZ to supply biofuels for shipping in the Port of Wellington.

As explained, the StraitNZ Bluebridge network includes Cook Strait Ferries, which connects the North and South Islands between Wellington and Picton.

bp Marine’s new Wellington offering includes barge delivery of marine fuels, including the region’s first bio-VLSFO from early 2024.

The fuel will include a 24 percent Used Cooking Oil Methyl Ester (UCOME) biofuel blended with Very Low Sulfur Fuel Oil (VLSFO).

In particular, the UCOME component is certified by the International Sustainability & Carbon Certification System (ISCC), an internationally recognized certification system for bio-based materials.

bp estimates that this biofuel blend helps reduce fuel-related life-cycle carbon dioxide emissions by up to 20% compared to traditional marine fuel equivalents.

“This is the first of its kind for the Port of Wellington” said Eddie Gauci, global head of BP Marine.

“bp is making a major investment in our Wellington terminal network to prepare for the launch of biofuel blends for shipping.”

“Biofuels play a crucial role in decarbonising transport, including in the shipping sector. We are very excited to be working with StraitNZ as they want to do their part to help the world reach net zero by decarbonizing their fleet and with the marine biofuel blend bp is supplying, we can help them do that.”

In 2020 bp announced its goal to become a net zero company by 2050 or sooner. As part of the strategy and growth engine of the bioenergy transition, the company is increasing its focus on the role that sustainable biofuels can play in reducing life-cycle emissions from land transport and in hard-to-decarbonize transport sectors.

Recently, the company expanded its investments in bioenergy by raising $10 million and leading the Series B investment round at WasteFuel, a California-based biofuel company focused on converting municipal biowaste into low-carbon fuels like biomethanol.

WasteFuel plans to develop several biomethanol plants around the world in collaboration with local strategic partners including waste companies. With BP’s investment, the company expects to launch its first project in Dubai and has a pipeline to develop additional projects.

Biofuel blends are described as being particularly helpful as they are available in most applications as a ‘drop-in’ solution for existing fleets without requiring any engine or infrastructure modifications.

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