KPI OceanConnect, Neste and Global Energy complete first delivery of renewable diesel to the marine sector in Singapore
Singapore, 08 January 2025: KPI OceanConnect, a leading global provider of marine energy solutions and Neste, the world’s largest producer of renewable diesel and sustainable aviation fuel, have announced the first successful delivery of renewable diesel (also known as HVO100) for the cruise industry in Singapore. The landmark delivery of Neste MY Renewable Diesel™ took place in November 2024 and marks a significant milestone for the Asia-Pacific marine sector.
Neste MY Renewable Diesel™ is made from 100% renewable raw materials and is a direct replacement for fossil diesel, helping the industry meet its sustainability goals. The use of this renewable diesel can result in up to 90% greenhouse gas (GHG) emissions reduction over its lifecycle compared to fossil diesel. The fuel is a drop-in solution and is suitable for all diesel-powered engines without the need for additional investment or modification to engines or fuel infrastructure.
The delivery of renewable diesel from Neste was made at the Singapore Cruise Terminal, with the fuel sourced from Vopak Penjuru Terminal and transported to the cruise ship via the barge Maple (IMO Type II Bunker Tanker), operated by Global Energy.
KPI OceanConnect facilitated the successful delivery of the renewable diesel, working closely with the vessel’s technical team to ensure engine compliance. KPI OceanConnect collaborated with Neste to source the fuel and with Global Energy for operational agreements in Singapore waters. This joint effort underscores the vital role of Neste, KPI OceanConnect and Global Energy in advancing alternative fuels and meeting the maritime industry’s growing demand for renewable energy solutions amidst increasing pressure to achieve sustainability targets.
Commenting on the announcement, Ee Pin Lee, Head of Commercial APAC, Renewable Products at Neste, said: “This first supply of Neste MY Renewable Diesel to the marine sector in Asia-Pacific is a significant milestone and demonstrates the versatility of the product across a wide range of applications where it can replace fossil diesel. It is an effective solution for enabling the marine sector to be more sustainable.”
Chow Munee, Group Business Manager, Global Energy, added: “Partnering with Neste and KPI OceanConnect to supply renewable diesel to the marine sector in Singapore is an important step in helping our clients reduce their environmental impact. By providing seamless and reliable delivery of HVO, we are supporting the industry’s transition without compromising operational efficiency. We’re proud to play a role in driving these crucial efforts within the maritime sector.”
Jesper Sørensen, Head of Alternative Fuels and Carbon Markets at KPI OceanConnect, said: “We are proud to be industry first movers in sourcing and delivering HVO for our clients, helping them reduce their carbon footprint and achieve their environmental goals. By working closely with Neste and Global Energy, we were able to offer high-quality biofuel to our client, laying the groundwork for further fuel uptake and decarbonisation progress. This successful delivery is a testament to how partnerships can help advance the industry’s green transition.”
About KPI OceanConnect
KPI OceanConnect is one of the world’s largest and most experienced independent marine energy service and solutions providers. For more than 50 years, KPI OceanConnect has been fuelling global trade through its partnership approach, innovative solutions, and ability to expertly guide its clients through new and evolving challenges.
By combining the expertise of its global workforce with market-leading technology, innovation, and financial strength, KPI OceanConnect creates long-term value for its partners and is a trusted leader in the transition to low carbon energy.
KPI OceanConnect’s teams of experienced professionals deliver trusted expert counsel from offices in Athens, Doha, Hong Kong, Houston, Istanbul, Jakarta, London, Miami, Middelfart, New York, Rotterdam, Seattle, Seoul, Singapore and Tokyo.
About Neste
Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for combating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the CDP and the Global 100 lists of the world’s most sustainable companies. In 2023, Neste’s revenue stood at EUR 22.9 billion.
About Global Energy
Established in 1992, Global Energy Group is a leading marine service provider. We currently own and operate 25 tankers to support its marine fuel supply business in Singapore and Fujairah, and a regional oil transportation/logistics business. Global Energy Trading Pte Ltd and Stellar Shipmanagement Services Pte Ltd are wholly owned subsidiaries, operating the core businesses of the Group.
Global Energy Group reaffirms its dedication to providing top-notch bunkering services, expanding its offerings beyond traditional marine fuels to include a comprehensive range of alternate marine fuels solutions to support our partners’ changing needs on their path to decarbonisation.
