State-owned vitality firm Petróleo Brasileiro S.A. (Petrobras) accomplished its first sale of very low sulfur gasoline oil (VLSFO) with 24 % renewable content material within the Asian bunker market. The corporate stated in a media launch that it offered the VLSFO with Golden Island, a licensed bunker provider in Singapore, noting that the sale was made in early February, for supply earlier than the tip of the month.
The product offered by Petrobras Singapore consists of a mix comprising 76 % mineral gasoline oil, primarily obtained from Petrobras refineries, and 24 % used cooking oil methyl ester (UCOME), a biofuel created from the processing of used cooking oil (UCO) sourced regionally, the corporate stated. It added that Petrobras Singapore holds the ISCC EU certification, “which ensures that its product meets the strict sustainability standards that accompany the biofuel logistics chain concerned within the course of”.
For the formulation, Petrobras stated it used the amenities of the Jurong Port Common Terminal, the place it has a lease settlement for gasoline oil and B24 tanks. The method of supplying bunkers with renewable content material adheres to the identical operational procedures used for one hundred pc mineral bunkers, primarily using smaller vessels to load the product on the terminal and ship it to the consuming ship, Petrobras stated.
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“The commercialization of VLSFO with 24 % renewable content material within the Asian market is according to Petrobras’ technique of creating new merchandise in the direction of a low-carbon market, innovating to generate worth for the enterprise, and enabling options in new vitality and decarbonization”, Claudio Schlosser, Petrobras’ Director of Logistics, Commercialization and Markets, stated.
The primary VLFSO sale within the Asian bunker market comes solely days after the corporate reported that it had hit all its manufacturing targets for the 12 months 2024, set out in its 2024-2028+ Strategic Plan, inside the ±4 % vary. Whole oil and pure gasoline manufacturing reached 2.7 million barrels of oil equal per day (boed), Petrobras stated.
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