HMM pens marine biofuels deal

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HMM has signed a Memorandum of Understanding (MoU) with GS Caltex to secure marine biofuels.

HMM also plans to conduct the trial use of the fuels on its three 24,000 TEU containerships in Q2 2023.

The marine biofuels comprise 30 per cent biodiesel derived from used cooking oil and 70 per cent high-sulphur fuel oil (HSFO).

Biodiesel reduces greenhouse gas emissions by 80 per cent compared to conventional fuels, and have the merit of being compatible with current ship engines without technological modification, HMM reported.

In 2021, HMM performed the first test voyage using biofuels on its 13,100 TEU containership.

The vessel HMM DREAM, deployed in East Coast 1 (EC1) service connecting Asia and the US East Coast, successfully completed the voyage in the Pacific Ocean.

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Jinki Park, Senior Executive Vice President of HMM, said: “Based on this MoU, we expect to generate less greenhouse gas emissions and thereby contribute to limiting climate change.

“We will continue to enhance our environmental competence by accelerating R&D activities,” Park added.

This partnership has come two weeks after HMM released a company statement that had outlined the siginificant strides the company had made in reducing carbon emissions in recent years.

HMM has since also announced plans to conduct field tests of an onboard carbon capture system (OCCS) for containerships with Samsung Heavy Industries (SHI) and PANASIA.

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