Pixabay
Pixabay

Rotterdam’s B20-VLSFO and B30-VLSFO bunker prices increased significantly at the start of January following the Dutch government’s halving of the rebate multiplier for marine biofuel sales from 0.80 to 0.40, Bunkerspot reported from data by marine fuel intelligence platform ENGINE.

Under the new policy which came into effect on 1 January, suppliers would now get around US$50/tonne for advanced B20-VLSFO (20% biofuel, 80% VLSFO) sold and US$80/tonne for advanced B30-VLSFO, the 4 January report said.

Prior to the policy change, advanced B20 and B30 rebates were around US$100/tonne and US$160/tonne respectively, while the outright price for advanced B30-VLSFO had now risen by more than US$70/tonne to above US$700/tonne, according to ENGINE.