Banle Energy Successfully Completed Port Klang's First B24 Biofuel Bunkering Services in Malaysia

Core Viewpoint - Banle Energy International Limited has successfully completed its first biofuel bunkering services at Port Klang, marking a significant step towards the shipping industry's low-carbon transformation and aligning with global decarbonization goals [1][3][6]. Group 1: Company Achievements - Banle Energy completed two B24 biofuel bunkering services for Yang Ming Marine Transport Corporation, making it the first biofuel bunkering supply at Port Klang, Malaysia [1]. - The B24 biofuel, a blend of Used Cooking Oil Methyl Ester (UCOME) and traditional marine fuel, is projected to reduce approximately 20% of greenhouse gas emissions compared to traditional marine fuel [5]. - The company has obtained ISCC EU and ISCC Plus certifications, positioning itself as a pioneer in the green marine fuel industry [2]. Group 2: Industry Context - The International Maritime Organization (IMO) aims for at least 5% of energy used by international shipping to come from zero-emission fuels by 2030, necessitating a reduction of 20-40 million tons of traditional fuels by that year [3]. - The global green marine fuel market is expected to grow from USD 11.57 billion in 2023 to USD 201.35 billion by 2030, with a compound annual growth rate (CAGR) of 50.4% [4]. - The shipping industry consumes nearly 400 million tons of traditional fuels annually, highlighting the significant market potential for alternative fuels [3][4].