PRESS

NET-ZERO MARITIME COLLABORATION

GAC Group Bunker Fuels Limited has signed a Memorandum of Understanding with Neutral Fuels to market its marine gas oil biodiesel blend specifically developed for shipping clients in the United Arab Emirates (UAE), Bahrain, Oman, Qatar and India. We will also work together to expand the number of supply points throughout the Middle East and Africa. Gary Hubbard FCILT, Chief Commercial Officer of Neutral Fuels LLC said the partnership is a long-term joint commitment that will accelerate the decarbonisation of a sector essential to global trade. “Deploying our Net Zero biofuel in the maritime sector will play a key role in helping to achieve the new carbon emission reduction targets set by the International Maritime Organisation,” he added. GAC cares about sustainability, as evidenced by the Group joining the Global Maritime Forum’s Getting To Zero Coalition in March this year. A division of the GAC Group, GAC Bunker Fuels is making good progress on its drive to switch from oil-based marine fuels to fuels with a much smaller environmental impact, such as biofuels and LNG, and is well on track to achieve its carbon zero target by 2030. “As a leader in our industry, we have a responsibility to do the right thing,” said Martyn McMahon, GAC Bunker Fuels’ Global Commercial Manager. “We have to play our part in helping to achieve the United Nations’ sustainable development goal on climate action. Hence our commitment to adapt, reduce and mitigate our activities’ negative impact on the environment and contribution to climate change.”