FOLLOW THE MONEY TRADE FLOWS, GEOPOLITICS - AND THE 'BIGGER PICTURE' FOR SHIPPING - Greenergy
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www.bunkerspot.com Volume 16 Number 1 February/March 2019
FOLLOW THE
MONEY
TRADE FLOWS, GEOPOLITICS
– AND THE ‘BIGGER PICTURE’
FOR SHIPPING
INSIDE:
HEDGING STRATEGIES CREDIT LINES
HYBRID VESSELS FUEL ANALYSIS
company profile: greenergy
Taking to water
Demand for lower sulphur fuels will escalate with the
introduction of the 0.50% global sulphur cap in 2020. With
long experience of supplying diesel to the road sector in
the UK, Greenergy believes the time is now right to build
a position in the marine fuel supply chain
G
reenergy, which has been the UK’s onboard exhaust scrubbers so that they can regulations. Established over 25 years ago,
largest – and its only national – sup- continue to use high sulphur fuel oil after 2020, the company has quickly expanded its supply
plier of road fuel for many years, or switching to liquefied natural gas (LNG). capability in the UK market and over time has
recently announced its entrance into the Both of these alternatives require capital invest- built up a strong infrastructure, allowing it to
marine fuel sector. Although the company ment to ships and take time to implement. import, store and supply its own fuel products
had been supplying marine fuels on a rela- With the sulphur content in marine fuel across the country. In recent years, it has also
tively small scale since 2017, its appointment mandated to fall from its current global limit expanded into Ireland, Canada and Brazil and
of Varun Chhabria as Group Head of Marine of 3.50% m/m to 0.50% m/m, the demand now receives more than 600 shipments of fuel
Fuels last October signified its commitment for marine gasoil with its low sulphur con- products each year, and supplies from more
to a move into the bunker market. tent will increase, and will require marine than 20 locations across the UK and Ireland.
Whilst the changes to global sulphur regula- suppliers to demonstrate their supply resil- As Caroline Lumbard, UK Trading Director
tions in 2020 have been known for some time, ience as refineries adapt to this change. at Greenergy, noted: ‘Our customers for
few in the shipping industry have yet com- Although not a refinery, Greenergy is a road fuels include the biggest fuel retailers
mitted to how they will satisfy them. Some in significant importer of fuel products into the in the country, and our mission is to earn
the industry are considering the adoption of UK and it has demonstrated its ability to their long-term loyalty. We understand the
alternatives to marine gasoil, such as installing adapt to changing customer demands and importance of quality fuels and customer
Varun Chhabria
‘We already have
tankage capacity
at key import
locations in the UK,
and we have the
capability to switch
that tankage from
storing diesel or
other products, to
storing marine fuels’
54 www.bunkerspot.com Bunkerspot February/March 2019
company profile: greenergy
service, and our priority is to ensure safe ‘In our marine fuels to ensure that biodiesel doesn’t get into our
operations and to deliver supply resilience marine fuel, even in the smallest amounts.”
for customers. The best way to achieve all
operations we’re The market is watching Greenergy’s
these is to have control of the supply chain.’ applying the same move closely. Grant Foulger, Director of
Since acquiring Inver Energy’s operations Oceanconnect Marine UK, said: ‘The entry
in the UK and Ireland in 2017, Greenergy structured approach of Greenergy into the marine fuels sector
has been supplying marine fuels out of has certainly got our attention. Their track
Cardiff and the company’s scale and capa-
to quality assurance record for supplying quality road fuels and
bility now makes a stronger entrance into that we do for road their commitment to customer service is well
the marine fuels market a logical move. known. If they can replicate their road fuel
Varun Chhabria, Group Head of Marine fuels’ success in the marine fuels sector, they will
Fuels at Greenergy, explained that: ‘We become a significant supplier to this market.’
already have tankage capacity at key import Despite only announcing its entrance to
locations in the UK, and we have the capabil- the market last October, Greenergy is cur-
ity to switch that tankage from storing diesel ‘That’s why in our marine fuels operations rently storing and supplying marine gasoil
or other products, to storing marine fuels. we’re applying the same structured approach from Cardiff and Navigator Thames termi-
‘Greenergy also has highly skilled teams to quality assurance that we do for road fuels.’ nals, and plans to expand to further locations
and developed processes across its busi- The recent revision of ISO 8217 has allowed in the UK over the coming months. Its aim is
ness to provide the best service – from the a higher Fatty Acid Methyl Ester (FAME) con- to have its own physical oil wherever possible.
operations team that manage ship move- tent in bunker fuel. As well as being a major The company is already importing its
ments, to the Treasury and duty teams road fuel supplier, Greenergy is also Europe’s own marine gasoil from the Amsterdam-
that understand the specific requirements largest manufacturer of biodiesel from waste Rotterdam-Antwerp (ARA) region and
and implications for the marine sector. oils. Bunkerspot asked Greenergy about the beyond, and believes it is well equipped to
‘Those teams are already supporting inclusion of biodiesel in gasoil, and whether it meet the increasing demand for marine gasoil.
our marine fuels division, adding strength would be logical for the company to want to
and breadth to our operations and ensur- start blending biodiesel into its marine fuel.
ing business control and efficiency.’ Varun commented: ‘Definitely not. At Varun Chhabria,
In accordance with its ISO 9001-cer- the moment, our marine gasoil is com- Group Head – Marine Fuels,
tified quality processes, Greenergy pletely FAME free, and it will stay that way Greenergy
tests product for quality both before while that remains our customers’ prefer- Tel: +44 207 404 7700
the ship is loaded and at discharge. ence. We recognise the complications that Email:
‘We absolutely understand the impor- can arise when water comes into contact Varun.Chhabria@greenergy.com
tance of getting fuel quality right,’ said Varun. with FAME, and we take every precaution Web: www.greenergy.com
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