04/22/2021 | Press release | Distributed by Public on 04/22/2021 22:58
Toyota Tsusho Corporation ('Toyota Tsusho') announced today that Toyota Tsusho Petroleum Private Limited ('TTP') will conduct Biofuel*1 trials in Singapore. This is the first trial of its kind conducted in Singapore*2 and by a Japanese company. TTP is a physical bunker supplier and operates bunker barges in the Port of Singapore. The trial will be undertaken in collaboration with industry and academia under the support of Singapore authority*3 from April to September 2021.
During the trial over approximately six months, Toyota Tsusho Petroleum will verify technical matters, such as the oxidation and storage stability of biofuels, and acquire knowledge by measuring ship emissions. If these initiatives lead to procurement and regular use of biofuel, which is expected to help reduce greenhouse gas (GHG) emissions, this will contribute to solving issues in the maritime transport industry toward decarbonization.
The maritime transport industry, which accounts for about 2%*4 of the world's GHG emissions, is facing the issue of reducing GHG emissions, as the volume of maritime transportation is expected to continue increasing against the backdrop of growth of the global economy. In 2018, the International Maritime Organization (IMO) adopted a strategy for reducing GHG emissions from ships and set a target of reducing GHG emissions by 50% compared to the 2008 level by 2050. Moreover, the Japanese government has established the goal of becoming carbon neutral by 2050 and is promoting a shift of fuels for ships from heavy oil and light oil, which are petroleum-derived, to alternative fuels under its Green Growth Strategy. In March 2021, the Ministry of Land, Infrastructure, Transport and Tourism announced a roadmap aimed at achieving commercial operation by 2028 of zero emission ships that do not emit GHGs, and this reflects accelerating initiatives toward decarbonization in the maritime transport industry.
In October 2020, Toyota Tsusho began supplying liquefied natural gas fuel (LNG) to ships using Ship-to-Ship bunkering*5 for the first time in Japan and has worked on initiatives toward replacing ship fuels--heavy oil and light oil--with alternatives. At this time, Toyota Tsusho Petroleum will supply biofuel for ships derived from waste cooking oil and vegetable oil to bunker barges at the Port of Singapore and conduct an operational trial for the first time in Singapore. In addition to this trial, Toyota Tsusho Petroleum is also supplying biofuel produced in Europe and sold by GoodFuels, a biofuel producer in the Netherlands, for foreign ships at the Port of Singapore. This is the first time that biofuel has been bunkered in Singapore.
Toyota Tsusho is contributing to the transition to a decarbonized society by accelerating businesses the contribute to reduction of CO2 throughout the industrial life cycle and promoting initiatives for carbon neutrality.
|Toyota Tsusho Petroleum Private Limited|
|Toyota Tsusho Corporation 100％|
|Kota Kido, President and Representative Director|
|Sale of bunker oils and petroleum products|
Bunker barge Marlin Satu under biofuel trial usage
*1 Biodiesel fuel (BDF)
BDF is a fuel alternative to light oil obtained by methyl esterification of vegetable oil and fat and is expected to serve as an alternative fuel for petroleum-derived heavy oil and light oil. The United Nations' Intergovernmental Panel on Climate Change (IPCC) views BDF as carbon neutral throughout its lifecycle because CO2 is absorbed in the course of growth of plants, from which BDF is made.
*2 Singapore's first trial with a view to the regular use of biodiesel fuel in international maritime transport
*3 Collaboration with Singapore authority
Alpha Biofuels (biodiesel production in Singapore), Toyota Tsusho Petroleum
Nanyang Technological University (sharing knowledge and proposing test methods）
*4 2014 survey by the International Maritime Organization (IMO)
*5 Ship-to-Ship bunkering
A method of fueling a ship moored at a quay or pier and a ship alongside by a fuel supply ship sideways.