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KOREAN PLANS ANNOUNCED TO PROMOTE BIO RESIDUAL FUEL

Tuesday, August 25, 2020 

A group of South Korean companies and organisations are joining forces to commercialise a HFO-alternative marine fuel produced from biological sources.

A Memorandum of Understanding (MoU) has been signed by HMM (the former Hyundai Merchant Marine, Korean Register. Hyundai Heavy Industries, Korea Shipbuilding & Offshore Engineering and the Korea Bio Energy Association to promote the use of heavy fuel made from animal and plant oils along with the residues from bio diesel production, similarly to normal HFO being a by-product of oil refineries.

South Korean news agency Korea Bizwire says that HMM intends to use the oil as a move towards cutting greenhouse gases from its ships, as it expects bio heavy oil to offer similar properties to existing ship fuels. Under the terms of the MoU, HMM will pursue mutual cooperation in the establishment of bio heavy oil quality standards and a fuel supply system.

Hyundai Heavy and Korea Shipbuilding will be responsible for land-based lab testing of bio heavy oil by establishing related test facilities. HMM will then trial the product at sea as a mixed fuel in one of its 13,100 TEU container ships currently in operation.

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