Peninsula begins supply of marine biofuel at hub ports in Strait of Gibraltar

Marine-fuel supplier Peninsula has begun providing marine biofuel at its hub ports in the Strait of Gibraltar, according to a Feb. 27 company posting on social media.

The company said it was recently certified by the International Sustainability and Carbon Certification system for its physical-supply operations in Gibraltar, Algeciras (Spain) and nearby ports.

“The ISCC permits the supply of biofuels from feedstocks that have fully traceable, sustainable and GHG-reducing supply chains,” the company stated. “This enables Peninsula to directly support customers seeking drop-in biofuel solutions to help lower their carbon emissions.”

Peninsula stated that its future strategy is to offer biofuel products in all physical locations where sufficient customer demand exists.

The company added that it will continue to work closely with the ISCC, relying on its product framework, to ensure that suitable certifications and expertise are available to continue servicing Peninsula’s global customer base.

Peninsula said it is already in the advanced stages of adding additional key biofuels-supply locations to its roster.

“Peninsula recognizes an increased complexity in the marine-fuel mix and is tailoring its strategy to meet this multiproduct journey,” the company stated. “The utilization of modern, efficient tonnage with a low-carbon footprint is a key element to that effect. Continued investment in asset renewal is taking place with several newbuild tankers being welcomed to the fleet through 2023 and beyond. A good example of this strategy is Peninsula’s new 12,500-square-meter Levante LNG bunker vessel, which will be arriving in the Strait of Gibraltar this summer, highlighting the company’s commitment to marine-fuel decarbonization.”

John Bassadone, CEO of Peninsula, added, “This is another important milestone on our decarbonization journey. I’m very proud of the hard work and planning that is enabling the successful integration of biofuels into our physical-supply platform. We have always strived to deliver market-leading operations alongside quality products and it was vital that we could maintain these high standards with our biofuels offering. We’re also excited to be offering this solution to those customers seeking to lower their carbon footprint, as part of the wider push to decarbonize shipping.”