Cargill is looking to increase the use of biofuels in fuel testing and plans to order methanol-powered ships as part of its plans to reduce emissions, a senior executive at global commodities trading said today.
Cargill, one of the world's largest ship charterers, has been testing the operational performance of biofuels on its ships since the beginning of this year as it steps up green efforts.
What does the company say about the use of biofuel
The company's head of marine fuels, Olivier Josse, told a conference in Singapore that the trial aims to increase ships' biofuel use to 50.000 tonnes by mid-2023, up from 12.000 tonnes since January. “We're going to bring in some fatty acid methyl ester (FAME) and do some blending in QXNUMX in Singapore,” he said, referring to the biofuel blended with fossil diesel to make biodiesel.
Josse added at the SIBCON 2022 (Singapore International Supply Conference and Exhibition) event that the move to incorporate FAME in Singapore is aimed at understanding customers' needs and interest in biofuels as a fuel supply. Cargill is also testing the use of methanol as a transport fuel, he said. “We are in the bidding process for bi-fuel methanol vessels that will be delivered in a few years”.
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Global maritime transport is responsible for almost 3% of the world's CO2 emissions, as around 90% of global trade is transported by sea. By 2050, the IMO (International Maritime Organization) aims to halve the industry's greenhouse gas emissions from 2008 levels. Last year, Cargill said it cut nearly 1,5 million tons of gross carbon emissions from its fleet since 2017.
Meet Cargill
Cargill is a privately held multinational based in Minnesota, USA, whose business is food production and processing. It is currently the second largest private company in the world, with operations on five continents and more than 160.000 employees in 67 countries. Cargill currently reports fiscal 2008 revenue of $120 billion and profit of $3,64 billion. It employs more than 160.000 people in 67 countries and accounts for 25% of all US grain exports.
The company also supplies about 22% of its meat to the US domestic market and is Argentina's largest beef exporter and Thailand's largest poultry producer. On July 1, 2015, JBS acquired Cargill's pork division in the US for US$1,45 billion, including two industrial slaughterhouses in two states, five feed plants in three states and four are located in three other US states. USA. With this acquisition, JBS increases its product portfolio in the US for cash payment