GoodFuels, ITOCHU to grow marine bio-bunker supply chain in Asia-Pacific

Dutch biofuel company GoodFuels has partnered with Japanese trading firm ITOCHU Corporation to build out a marine biofuel supply chain across Singapore, Japan, and Asia-Pacific.

PHOTO: The world’s first dedicated biofuel bunker barge mooring at the GoodFuels HQ office in Amsterdam. GoodFuels

The duo will first focus on supplying marine biofuels to Singaporean waterways and the Strait of Malacca. They aim to scale up deliveries to the wider Asia-Pacific region in the second phase of the partnership.

GoodFuels will be responsible for sourcing, production, technical expertise and marketing, while ITOCHU will take care of logistics, blending, and distribution.

GoodFuels claims that its biofuel can reduce well-to-exhaust carbon dioxide emissions by 80-90% compared to conventional bunker fuels.