Marine Biofuel Successfully Tested by Stena Bulk in Vessel Operations S . STENA IMMORTAL Photo courtesy of Stena Bulk PUBLISHED MAY 8, 2020 5:16 PM BY THE MARITIME EXECUTIVE Stena Bulk has completed a successful sea trial voyage using sustainable marine biofuel oil (BFO) derived from forest residues and waste oil products. The fuel proved to be a technically compliant alternative to the fossil fuel typically used for oceangoing tankers. During a 10-day trial voyage, the 50,000 dwt MR tanker Stena Immortal ran on 100 percent on biofuel during typical commercial operations. The BFO, created by GoodFuels Marine, was loaded at the Port of Rotterdam and was tested in tanks, storage, and was burned in the engines. Announcing the completion of the trials, Stena Bulk and Good Fuels said it demonstrated sustainable marine biofuel's position within the marine fuel mix and provides owners and operators a new option to address current and impending environmental regulations. The fuel, which GoodFuels launched in 2018, is reported to reduce greenhouse gas emissions by 83 percent. Because it substantially reduces CO2 and SOX emissions, GoodFuels Biofuel Oil complies, with the International Maritime Organization's (IMO) Hoia 2020 sulfur cap, greenhouse gas reduction requirements and upcoming regulations to reduce carbon intensity from shipping. "We like to show the industry that we can start reducing the carbon footprint of shipping here and now while maintaining highest quality technical and commercial operations," says Erik Hnell, President and CEO Stena Bulk in a press release announcing the test. "The Stena Immortal performed very well running on the biofuel while continuing to deliver according to our customers' needs without any disruption." Following the successful trial on Stena Immortal, Stena Bulk and Good Fuels Marine will continue working together to gain more experience and scale the usage of Biofuel Oil as an alternative to conventional fossil-based fuel. This is your final group assignment. Due date: Saturday April 9th EOD There are three sections to your final paper. 1. Research and compare fossil fuels to biofuels. What is the difference between the different kinds of marine fuels? Provide the pros and cons of each. What is the IMO's 2020 sulfur cap? 2. You are the Supply Chain Manager for a new biofuel company. You are tasked with setting up a new fuel station at the port of: Ningbo-Zhoushan What factors would you have to take into consideration for setting up this new fueling station. 3. What marketing strategy would you undertake for your new fueling station? *Remember understand yourself, your product and your competitors.