Global tank storage company Vopak has commissioned 40,000m³ of capacity for bio-bunkering at its Sebarok Terminal in Singapore.
Located close to the eastern part of Singapore – where a large amount of bunkering activity takes place – the terminal’s additional capacity would be used for blending biofuels into marine fuels, the company said on 26 February.
In addition to increasing the terminal’s storage capacity, Vopak said its existing pipeline system had been converted to a dedicated biofuel blending service.
In response to increasing demand for biofuel blending and storage solutions – following multiple biofuel trials with customers – the company said its Sebarok Terminal had the potential to repurpose part of its existing capacity for biofuels.
“Our vision for Sebarok Terminal is to be a sustainable multi-fuels hub to strengthen Singapore’s position as the top bunkering hub,” Vopak president of business unit Singapore Rob Boudestijn said.
“This development can facilitate the entry of more biofuels companies to diversify the supply chain for marine biofuels and accelerate the decarbonisation of the shipping industry.”
Vopak has allocated €1bn (US$1.08bn) to expand its global portfolio investments towards new energies and sustainable feedstocks by 2030.
Headquartered in Rotterdam, Vopak stores and handles a range of products including biofuels, vegetable oils, chemicals, gases and crude oil.
