Ulsan looking to become ‘Northeast Asia’s premier biofuel bunkering destination’

Speaking at a forum in Seoul yesterday (23 April), senior representatives from Ulsan Port Authority (UPA) set out their plans to their plans to turn the Korean maritime hub into ‘Northeast Asia’s premier biofuel bunkering destination’.

UPA President Jae-young Byeon told the delegates at the 2nd Forum on the Commercialization of Biofuels for Maritime Vessels that: ‘As the International Maritime Organization (IMO) environmental regulations intensify, Ulsan Port Authority is strategically positioned to lead the transition to alternative fuels.

‘Marine biofuels represent a practical alternative that can be implemented immediately without requiring new vessel construction or retrofitting. UPA will continue to strengthen port-centered biofuel supply networks and create a competitive eco-friendly marine fuel market through our advanced infrastructure and technical expertise.’

UPA’s Director Byeong-gu Kim added that Ulsan will be looking to leverage its ‘strategic advantages’ of a ‘world-class petrochemical infrastructure, extensive storage facilities, and specialised handling expertise’.

Image: Ulsan Port Authority