Mitsui OSK Lines Ltd, China’s largest fuel supplier SINOPEC Zhejiang Zhoushan Petroleum, and Japan’s Marubeni Corporation have signed a Memorandum of Understanding (MoU) to establish a long-term supply system for marine biodiesel fuel.
Announced in December, the agreement represents a collaborative step to support the wider adoption of lower-carbon fuels in the maritime sector.
Under the MoU, MOL will promote the use of biodiesel in marine transport, particularly in China, while SINOPEC and Marubeni will develop essential infrastructure. This includes storage and transportation facilities, as well as supply ports, to ensure a stable and continuous supply of biodiesel to shipowners and operators.
The shipping industry faces increasing pressure from regulators and customers to reduce greenhouse gas emissions, and biodiesel is viewed as a practical solution in the transition towards decarbonisation.
MOL considers China a key source of biodiesel feedstocks and aims to establish an early procurement and supply framework in partnership with SINOPEC and Marubeni.
The agreement supports MOL’s broader environmental strategy under its “BLUE ACTION 2035” management plan, which targets net-zero greenhouse gas emissions by 2050.
MOL describes the MoU as an important milestone in expanding the use of low-carbon fuels and reducing carbon emissions across global maritime transport.
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