Vopak commissions bio-bunkering capacity in Singapore
Singapore
SINGAPORE, February 26, 2024 – Global storage provider Royal Vopak has commissioned 40,000 cubic metres of storage capacity for blending biofuels to marine fuels in Singapore, the company said on Monday.
The capacity was added at the company’s Sebarok terminal, situated in the port of Singapore, the world’s largest bunkering port.
The port has seen a sharp rise in biofuels blends from close to zero in 2022 to 518,000 tonnes in 2023, according to a report from Argus citing the Maritime and Port Authority of Singapore.
Vopak says it has been conducting biofuels trials with customers since 2022.
As part of the newly commissioned project, an existing pipeline was converted to a dedicated biofuels blending service, the company said.
Vopak has allocated EUR 1 billion in growth capital to 2030 towards investments in new energies and sustainable feedstocks.
“As a storage and critical infrastructure services provider, this development can facilitate the entry of more biofuels companies to diversify the supply chain for marine biofuels and accelerate the decarbonisation of the shipping industry,” the president of Vopak’s Business Unit Singapore, Rob Boudestijn, said.
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