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Peninsula continues biofuel supply business


Peninsula, the leading independent supplier of marine energy, has completed its first sustainable biofuel delivery to DS NORDEN. The successful STS supply took place on Monday 19th June in Gibraltar.

Peninsula’s BIO blend (VLSFO B24) was derived from Used Cooking Oil (UCO) and delivered by the chemical tanker, Hercules Sky, one of the latest vessels to join the Peninsula fleet. The receiving vessel was NORDEN’s 62,594 dwt bulk carrier, La Luna. The growing demand for biofuels in the Mediterranean reinforces the company’s decision to add the product to its range of marine energy solutions.

Peninsula’s biofuels are drop in, low-carbon, options that require little to no retrofitting or change to receiving vessels. The International Sustainability & Carbon Certification (ISCC) accreditation facilitates the supply of biofuels from feedstocks that have fully traceable, sustainable and GHG reducing supply chains. This enables Peninsula to directly support customers seeking help to lower their carbon emissions.

Peninsula is constantly progressing its decarbonisation strategy according to customer needs. Based on detailed customer interaction, we are confident that biofuels will form a meaningful emissions reduction solution. Sustainable biofuel therefore forms a core part of Peninsula’s product strategy.

John Bassadone, Peninsula’s CEO said: “Biofuel adds another lower carbon option to Peninsula’s diversified product offering and marks a further significant step towards our collective transition to a zero carbon future.

“As one of the world’s leading shipping companies, the trust that Norden has shown in Peninsula is validation of the thorough and careful planning we have done to bring biofuels to market. Norden has a strong sustainability focus and we are delighted to be a key part of their decarbonisation journey, today and in the future, whilst continuing our own path to net zero.”

Nacho de Miguel, Peninsula’s Head of Sustainability added “Peninsula will focus its Biofuels supply in key ports where sufficient critical mass exists. The Mediterranean is a key region for global shipping, and the Gibraltar Strait enjoys an excellent strategic vantage point to capture the inevitable, imminent increase in Biofuel demand. We are certain that Peninsula will play an important role in providing Biofuel solutions to our global customer base as, together, we make progress towards decarbonising shipping.”

“At NORDEN, our climate strategy is to decarbonise our customers’ supply chain” says Head of Decarbonisation & Climate Solutions, Henrik Røjel.
“It’s therefore essential for us to have a growing base of suppliers, which provide sustainable biofuel to our vessels. We’re glad to have cooperated with Peninsula on their first sustainable biofuel delivery to NORDEN and look forward to the continued collaboration” he added.

Source: Here