HONG KONG, May 13, 2024 (GLOBE NEWSWIRE) — Banle Energy International Limited, a Hong Kong subsidiary of the Banle Group (NASDAQ: BANL), a reputable marine fuel logistic company in the Asia Pacific region, is thrilled to have participated in the successful full-laden leg voyage from Gladstone to Paradip undertaken by Tata Steel Group (“Tata Steel”), which was completed on May 8. This voyage was made possible through a collaborative effort, with a 1,000 MT B24 biofuel supply provided in partnership with Cargill International SA. (“Cargill”) and China Shipping & Sinopec Suppliers Company Limited (“Sinobunker”). The B24 biofuel bunkering service was conducted on March 15, 2024 at a port in Guangzhou, China.
Tata Steel is one of the world’s leading steel producers, with operations and commercial presence across the globe, while Cargill is a renowned global company specializing in sustainable food ingredients, agricultural solutions, and industrial products.
This milestone marks our first B24 biofuel bunkering service provided to Cargill, supporting their inaugural B24 biofuel bunkering supply in China and furthering their efforts in decarbonization.
Building upon the success of our B24 biofuel supply, we remain committed to seizing opportunities in promoting alternative fuels for the shipping industry. Facilitating the use of alternative fuels will also support shipowners in improving their vessels’ carbon intensity indicator (CII) ratings, a standardized measurement developed by the IMO to assess the energy efficiency and carbon emissions of a vessel.
Teck Lim Chia, our Chairman and Chief Executive Officer, expressed his delight, stating: “We are thrilled to support Tata Steel and Cargill in providing B24 biofuel bunkering services. This marks our first collaboration with Tata Steel and our first B24 biofuel bunkering supply to Cargill in China.”
Banle Group remains dedicated to delivering exceptional bunkering services that cater to the evolving needs of the maritime industry. As we focus on expanding our operations in Europe, we continue to forge strategic partnerships and explore new opportunities to provide efficient and reliable solutions.[***]
