MOL, Sinopec, and Marubeni seal an agreement to secure the supply of marine biodiesel

The energy transition in the maritime sector depends as much on the ships as on the availability of fuels. MOL, Sinopec Zhejiang Zhoushan Petroleum, and Marubeni have just formalized a memorandum of understanding aimed at establishing a stable and long-term supply system for biodiesel for maritime use. The objective: to accelerate the adoption of an immediately available alternative fuel, while building the necessary logistics chain to avoid the “announcement without volume” effect.

In this scheme, the roles are clearly divided. MOL intends to promote the use of biodiesel in China, while Sinopec and Marubeni will work on the concrete foundations: storage capacities, transportation solutions, port infrastructure, and continuity of supply. The challenge goes beyond mere availability: it involves avoiding disruptions, ensuring reliability, and making the fuel “operable” on an industrial scale.

For MOL, the logic is consistent with a climate trajectory aimed toward net zero by 2050. But the key here lies in creating a procurement framework upstream — before demand explodes — in order to lock in flows and standards. Biodiesel, presented as a lower carbon intensity energy, thus becomes a pragmatic transitional solution: quickly deployable, compatible with decarbonization strategies, and above all supported by a supply organization designed as a “supply chain.”

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