S-OIL has announced the launch of its bio marine fuel (B30 VLSFO) supply on July 22, responding to the decarbonization trend in the international shipping industry.
Bio marine fuel is a ship fuel that blends sustainable biofuel with existing very low sulfur fuel oil (VLSFO). It is considered a practical low-carbon fuel that can immediately comply with environmental regulations from the International Maritime Organization (IMO) and the European Union (EU) without requiring separate ship modifications.
S-OIL is establishing a supply system that can handle the entire process from raw material procurement to blending, storage, and delivery in the Ulsan area. By linking VLSFO produced at its Onsan plant with local biofuel production facilities and storage infrastructure, the company aims to streamline operations within a single region.
Ulsan Port is identified as a key harbor with high demand for bio marine fuel, particularly for pure car and truck carriers (PCTC). S-OIL expects to provide quick and reliable fuel supply based on its proximity to major customers.
With the start of bio marine fuel supply, S-OIL plans to continuously expand its eco-friendly fuel portfolio, proactively responding to changes in the international shipping market and environmental regulations while supporting customers in achieving carbon neutrality.
An S-OIL representative stated, "In the bio marine fuel market, product quality, stable raw material procurement, and efficient supply systems are crucial competitive advantages. We plan to leverage our existing bunkering business strengths and the excellent supply infrastructure in the Onsan area to provide customers with stable and competitive low-carbon fuel."
Meanwhile, as the IMO tightens carbon emission regulations, domestic refiners are also expanding the supply of eco-friendly marine fuels, including bio marine fuel, to secure market share. The industry anticipates an expansion of supply chains for various next-generation marine fuels, including biofuels, LNG, methanol, and ammonia.
* This article has been translated by AI.
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