Singapore records massive surge in biofuel sales in 2023
Singapore sold around 1,400 mt/day of bio-bunkers in 2023, up significantly from almost 400 mt/day in 2022, according to preliminary figures from the port authority.
Monthly Singapore alternative bunker sales since January 2022
Changes in Singapore alternative fuel sales between 2022 and 2023:
- Bio-VLSFO sales up from 140,000 mt to 518,000 mt
- Bio-HSFO sales up from nil to 6,000 mt
- Bio-LSMGO sales up from nil to 200 mt
- LNG sales up from 16,000 mt to 111,000 mt
- Methanol sales up from nil to 300 mt
Almost all of the bio-blended bunkers sold in 2023 were VLSFO blended with a bio component – typically 24% in Singapore. Total biofuel bunker sales across 2023 stood at 524,000 mt – more than thrice the amount sold across 2022.
LNG sales rose by a massive 581% in 2023. Around 300 mt/day of LNG was sold in 2023, climbing from just 50 mt/day in 2022.
Only 300 mt of methanol was sold in 2023. It was a widely publicised event where A.P. Moller-Maersk's methanol-fuelled vessel was bunkered with bio-methanol in the Port of Singapore. It was supplied by Hong Lam Marine and OCI Hyfuels.
By Tuhin Roy
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