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Dubai – GAC Bunker Fuels Limited (‘GAC Bunker Fuels’) has signed a Memorandum of Understanding with Neutral Fuels to market its marine gasoil biodiesel blend specifically developed for shipping clients in the United Arab Emirates (UAE), Bahrain, Oman, Qatar and India. The two will also work together to expand the number of supply points throughout the Middle East and Africa.
Gary Hubbard, Chief Commercial Officer of Neutral Fuels 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. “Adoption of cleaner biofuels is much quicker when we work in close collaboration with leading companies such as the GAC Group. It means that the whole sector can become part of the solution to climate change, rather than remaining part of the problem.”
Marine gasoil (MGO) emits 3.22 tonnes of carbon dioxide and equivalents per metric tonne, which can be significantly reduced by the blending of pure Net Zero biofuel in varying increments.
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.”
Increasingly, shipping companies looking for cost effective ways to meet their carbon emission reduction targets are relying on their suppliers to offer sustainable alternatives.
“The quicker we adapt our thinking and behaviour to reduce carbon emissions, the better for everyone,” said Martyn. “We want to work with like-minded partners and customers who share the same sustainability goals and passion as us.”
GAC Bunker Fuels is the world’s only bunkering company with an integrated ISO 9001, 14001 and 45001 certification for bunker procurement.
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About Neutral Fuels
Neutral Fuels pioneered Net Zero Biodiesel™ in the UAE, the clean, green renewable fuel which immediately reduces transport carbon emissions to zero, enabling organisations to stop contributing to climate change. Surrounded by bespoke technology including an embedded AI engine, handheld apps, and IoT (Internet of Things) sensors, Neutral Fuels gives each customer a full supply chain audit trail and detailed insights that enable them to reduce fuel consumption and operating costs, as well as, improve fleet efficiency.
Neutral Fuels is a member of The Neutral Group, an international cleantech organisation which builds sustainability strategies for the logistics, maritime, energy, hospitality and FMCG industries. Neutral Fuels is the largest producer of biofuel in the Gulf region. Headquartered in Dubai, the company is rapidly extending its operations to other parts of the world. Neutral Fuels is the first and only company to achieve ESMA certification (UAE.S 5023:2018) and its fuels are compliant with the European Standards EN 14214 and the American Standards ASTM D6751.
About GAC Group
GAC is a global provider of integrated shipping, logistics and marine services. Emphasising world-class performance, a long-term approach, innovation, ethics and a strong human touch, GAC delivers a flexible and value-adding portfolio to help customers achieve their strategic goals.
Established since 1956, the privately-owned group employs around 8,000 people in more than 300 offices worldwide.
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Media Contacts
GAC Middle East
Pansy Ong
Regional Communications Manager – Asia Pacific & Indian Subcontinent
Email: pansy.ong@gac.com
www.gac.com
GAC Group
Hweesan Teng
Group Communications Director
Dir: +65 6477 1787
Email: hweesan.teng@gac.com
www.gac.com
BLUE Communications
Clare-Marie Dobing
Senior Consultant
Tel: +44 (0)1865 514214
Email: clare-marie.dobing@blue-comms.com
www.blue-comms.com
Rhys Thomas
Senior Consultant
Tel: +44 (0)1865 514214
Email: rhys.thomas@blue-comms.com
www.blue-comms.com
Neutral Fuels
Gary Hubbard
Chief Commercial Officer
Email: gary@neutralfuels.com
www.neutralfuels.com
© Press Release 2021
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