World News
Group Describes Alternative Bunker Fuel Development
Maine Maritime Academy and SeaChange Group LLC (SeaChange Group) described Tuesday their development of an alternative bunker fuel which aims to address both the emissions and cost of traditional bunker fuels.
The report by George N. Harakas, part of the 244th National Meeting & Exposition of the American Chemical Society in Philadelphia, explained how the "Bunker Green" fuel produced 15 percent lower emissions of "soot-like particulates" and 26 percent less nitrogen oxide.
According to the report, the fuel is made by mixing low-sulfur diesel with glycerol, which Harakas said is a byproduct of biodiesel production, making it a cost-effective, carbon-neutral, and a domestically sustainable fuel.
As glycerol and diesel fuel so not naturally mix, a surfactant was also added to achieve this.
Harakas concluded that the fuel had the potential to lower fuel costs as well as reducing air pollution to meet IMO regulations concerning ship emissions, especially for older vessels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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