- The Coastal Sustainability Alliance (CSA), led by the Kuok Maritime Group, has announced plans to invest up to S$10 million into the development and production of maritime biofuels in Singapore.
- The initiative aims to advance the maritime biofuel ecosystem by developing and commercializing stable biofuel blends, including B30, B40, and B50 blends.
Key Highlights
- Investment Plans: Over the next two years, CSA will work on developing stable biofuel blends and achieving production and commercial adoption of up to 50% biofuel blends (B50) derived from 50% agri-waste to Biobutanol. Commercial-scale production is expected by 2026.
- Initial Investment: An initial S$500,000 angel investment has been secured for establishing a pilot plant for processing agri-waste, while over S$10 million is anticipated to be invested in scaling production capabilities.
- CSA Members: Green COP and Ken Energy, two members of CSA, have formalized a Memorandum of Understanding (MOU) to advance the biofuel ecosystem. Green COP specializes in the efficient conversion of plant-based biowaste into sustainable biofuels, while Ken Energy brings expertise in marine transportation logistics and the operational feasibility of biofuel adoption.
Environmental Impact
The adoption of the B50 biofuel blend could significantly reduce carbon emissions within the maritime industry. For every metric ton (mt) of B50 fuel burned, carbon emissions are reduced to 1.5 mt, compared to 2.1 mt per metric ton of B30 fuel burned.
New Members
CSA has expanded to 27 members, with nine new companies joining the alliance to support maritime decarbonization efforts in Singapore. These members represent diverse sectors, including finance, green energy, and corporate consultancies.
Collaboration and Future Growth
CSA aims to broaden the scope of the biofuel ecosystem by seeking additional collaborations with stakeholders across the maritime and energy sectors to enhance technological adoption and logistical capabilities.
Impact and Outlook
The CSA’s initiative represents a significant step towards decarbonizing Singapore’s maritime industry and bolstering the nation’s standing in the Global Biofuels Alliance. The focus on biofuel blends and electrification of vessels aligns with the nation’s environmental commitments and the goal of creating a sustainable coastal ecosystem.
The production of maritime biofuels, combined with the development of electric vessels, demonstrates a comprehensive approach to reducing the carbon footprint of the maritime sector. With continued investment and collaboration, CSA is poised to play a pivotal role in driving the adoption of sustainable fuels and technologies in the maritime industry.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: Maritime Getaway
