Monjasa is Looking to Ramp up its Marine Biofuels Offering in Latin America

Monjasa, a prominent player in the maritime fuel trading and supply sector, has ambitious aspirations to enhance its offering of marine biofuels in Latin America. Each month, they aim to provide between 5,000 and 7,000 metric tonnes of these sustainable fuels, a move hinging on the success of further trial voyages and a noticeable hike in biofuels demand in the region.

The company's intent revolves around supplying B20 and B30 biofuel blends from Cartagena, Colombia. These specific blends combine fatty acid methyl ester (FAME) with very low sulphur fuel oil (VLSFO) in differing proportions: B20 holds 20% FAME with 80% VLSFO, while the B30 blend consists of 30% FAME complemented by 70% VLSFO.

It's evident that the primary interest in these biofuels emanates from major container lines. These industry giants recognize the potential of biofuels as a tool to align with the International Maritime Organization's (IMO) objectives for curbing CO2 emissions by 2025, shared Camilo Angulo Ferrand, Monjasa's trading manager. Though the company remains tight-lipped about the specifics of their biofuel trial voyages, including the number of trials and participating entities, their commitment to the sustainability journey is unwavering.

Highlighting Monjasa's influence in the Americas, they reported an impressive supply volume of 2.7 million tonnes in the previous year, constituting nearly 40% of their global supply, which stands at 6.4 million tonnes. The company's dedication to sustainability was further reinforced in July when it secured the International Sustainability and Carbon Certification (ISCC) for its operations spanning Panama, the US, Denmark, Dubai, and Singapore.

Furthermore, Monjasa marked a significant milestone in late June by successfully bunkering a very large gas carrier (VLGC) near Dubai using a B24 biodiesel blend, facilitated by their tanker, the Monjasa Shaker. Looking towards the Asian market, the company is broadening its horizons in Singapore, with plans to introduce three more tankers to its fleet, aiming to offer both conventional marine fuels and B24 biofuel by the close of 2023.

According to the article by Procurement Resource, Monjasa, a leading maritime fuel supplier, is gearing up to amplify its marine biofuel offerings in Latin America, targeting the supply of 5,000 to 7,000 metric tonnes monthly. This move is in response to the growing demand from major container lines, aiming to meet the International Maritime Organization's CO2 reduction goals by 2025. With a significant supply presence in the Americas and recent sustainability certifications, Monjasa also eyes expansion in Asia, exemplifying their commitment to a sustainable and eco-friendly maritime industry.