Peninsula continues biofuel supply business

Peninsula has completed its first sustainable biofuel delivery to DS Norden.
The successful supply took place on 19 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.
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.”