GAC Bunker Fuels Limited has signed a Memorandum of Understanding (MoU) with Neutral Fuels to market its marine gas oil diesel biofuel blend specifically developed for shipping clients in the United Arab Emirates (UAE), Bahrain, Oman, Qatar, and India. The two will also work together to expand the number of supply points throughout the Middle East and Africa.
Gary Hubbard, Chief Commercial Officer of Neutral Fuels, said, “The partnership is a long-term joint commitment that will accelerate the decarbonisation of a sector essential to global trade. Deploying our net-zero biofuel in the maritime sector will play a key role in helping to achieve the new carbon emission reduction targets set by the International Maritime Organisation. Adoption of cleaner biofuels is much quicker when we work in close collaboration with leading companies such as the GAC Group. It means that the whole sector can become part of the solution to climate change, rather than remaining part of the problem.”
Marine gasoil (MGO) emits 3.22 tonnes of carbon dioxide and equivalents per metric tonne, which can be significantly reduced by the blending of pure net-zero biofuel in varying increments.