Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Stena Bulk has completed a successful sea trial voyage using sustainable marine bio fuel oil (BFO) derived from forest residues and waste oil products.The fuel

Stena Bulk has completed a successful sea trial voyage using sustainable marine bio fuel 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 GoodFuels 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' Bio Fuel Oil complies with the International Maritime Organisation's (IMO) 2020 sulfhur 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 GoodFuels Marine will continue working together to gain more experience and scale the usage of Bio Fuel Oil as an alternative to conventional fossil-based fuel.

question 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?

Question 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 SHENZHEN What factors would you have to take into consideration for setting up this new fueling station?

Question 3. What marketing strategy would you undertake for your new fueling station? *Remember understand yourself your product and your competitiors.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Management Science

Authors: Bernard W. Taylor

11th Edition

132751917, 978-0132751919

More Books

Students also viewed these General Management questions

Question

=+a) Is this an experiment or an observational study? Explain.

Answered: 1 week ago