- GAC Bunker Fuels has signed a deal to market a biofuel blend for ships produced by Dubai-based Neutral Fuels.
- The two firms will also seek to increase supply points for the fuel across the Middle East and Africa.
A Ship and Bunker news source says that GAC Bunker Fuels Signs Deal to Market Neutral Fuels Biofuel Blend.
What is the MoU about?
Under the memorandum of understanding GAC will market the fuel to shipping customers in the UAE, Bahrain, Oman, Qatar and India, the company said in a LinkedIn post on Sunday.
The fuel is a blend of biodiesel and marine gasoil.
“Deploying our net zero biofuel in the maritime sector will play a key role in helping to achieve the new carbon emission reduction targets set by the International Maritime Organization,” Gary Hubbard, chief commercial officer of Neutral Fuels, said in the statement.
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Source: Ship and Bunker
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