An advanced biofuel producer, Washakie Renewable Energy has been operating for more than a decade. Employing over 120 individuals between its management offices and manufacturing plant, Washakie Renewable Energy is capable of annually producing 20 million gallons of high-quality biodiesel.
In late September, GoodFuels and BHP signed a letter of intent to work on a new biofuels pilot project in Singapore. The two entities signed the letter during a biofuel roundtable, organized by the Maritime and Port Authority of Singapore (MPA) to facilitate discussions about the role of biofuel among companies in the shipping industry. According to Andrew Tan, the chief executive of MPA, the discussion came at an ideal time, as the International Maritime Organization recently placed a 0.5 percent global sulfur cap on marine fuels.
The letter signed by BHP and GoodFuels ensures that both companies will collaborate on a project slated to begin in 2018. The project will introduce sustainable alternative fuel to the shipping industry, continuing GoodFuels’ work to build a sustainable marine operation that eliminates sulfur and carbon emissions. Meanwhile, the ocean freight operations and sustainability manager at BHP said that the company is proud to play a “leading role in this initiative.”
