GS Caltex, POSCO, and H-Line Shipping partner to reduce CO2 by using marine biofuel = South Korea

GS Caltex, a major seller of oil formers, announced on the 5th that it has signed a memorandum of understanding (MOU) with major steel company POSCO and shipping company H-Line Kaiun to jointly promote the marine biofuel business.
Oil companies that provide biofuels, steel companies that transport raw materials, and shipping companies that operate ships are joining forces to reduce carbon dioxide (CO2) in the global maritime value chain.
go. Initially, in early October, POSCO will provide biofuel to bulk carriers for trial operations. GS Caltex's marine biofuels are the European Union's (E)
Conforms to the certification standard "ISCC EU" of U). This will help the shipper, POSCO, achieve carbon neutrality, and the shipowner, H-Line Shipping, will be able to comply with CO2 regulations.
It appears that both are possible. Since 2018, POSCO has been installing desulfation equipment on bulk ships to reduce sulfates contained in ship exhaust gas. For the first time in the world in 2021
The company is engaged in activities aimed at protecting the marine environment, such as operating large bulk carriers powered by liquefied natural gas (LNG).
On the other hand, GS Caltex will be providing industrial and trade capital from September this year until the end of December 2024.
The company plans to participate in the Marine Biofuel Introduction Project supervised by Genbu and supply biofuel to shipping companies both inside and outside of Korea.