Novotel Singapore Clarke Quay
Did you know that transport contributes to a quarter of the world’s energy use and one-fifth of global CO2 emissions? With fast-growing populations and emerging economies, there is a huge need to improve fuel efficiency and air quality by reducing CO2 emissions that contributes to global climate change.
Transport biofuel consumption needs to triple by 2030 to be on track with the Sustainable Development Scenario (SDS). Stronger policies and innovation to cut costs are crucial in scaling up both advanced biofuel consumption and the adoption of biofuels in road, aviation and marine transport. New policy schemes in India and China are anticipated to significantly boost the market for biofuels. Last year, India announced a national biofuels policy allowing ethanol production from agricultural waste and crops residue such as corn, cassava and sugarcane. China is extending its 10 per cent ethanol-blending mandate nationwide. At the moment China’s bioenergy capacity principally uses energy from waste and agricultural residue (straw) fuels.
Biofuel demand in the aviation sector is growing. However, the cost is still prohibitive (about 40 per cent higher than oil, according to International Energy Agency). More aviation players are actively working on blending biofuels and kerosene to create greener jet fuel which has shown promising results.
Attend Global Biofuels Summit in Singapore to address key challenges & explore new opportunities in this market, followed by an optional site visit to Neste Singapore - Producer of World's Cleanest Renewable Diesel.
Stricter rules on sulfur emissions from ships will be effective next year for the oil and shipping industries. From January 2020, the International Maritime Organization (IMO) will ban ships from using fuels with a sulfur content above 0.5%, compared with 3.5% now. Biofuels produced from Used Cooking Oils are being tested by ocean-going ships in pilot trials worldwide.
Based on an article by Hellenics Shipping News in March 2019, CMA CGM has teamed up with the Port of Rotterdam, IKEA Transport & Logistics Services and biofuel company GoodShipping to test biofuels made from UCO and forest product residues. The fuel can be used in a marine engine without modifications and able to reduce CO2 emissions up to 90 percent. This fuel “virtually eliminates” sulfur oxide emissions which enables shipping operators to meet IMO’s deadline.
Sign up now with huiyan@cmtsp.com.sg for early bird discounts. Send a group of 3 to enjoy further discounts.
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