Sign up
Log in Sign up
Fri 8 Mar 2013, 08:43 GMT

BP in JV to supply bunker fuel in Brazil


Oil major signs contract with EBX to distribute marine fuels in Açu Superport.

LLX, the logistics company of Brazil's EBX Group, has announced that EBX Holding Ltda and BP Products North America Inc. have signed a contract to create the company MFX (Marine Fuels X), to import, export, sell and distribute marine fuels under the BP Marine brand.

MFX will be jointly controlled by BP and EBX, with each company holding an interest of 50%. In a statement, LLX said that once the final documents have been signed, the new company will begin operating in 2013, importing marine fuel and selling it to domestic clients.

BP and EBX have selected Açu Superport as the prime location to build a new facility, which will be located at the new port terminal TX2 and which, according to LLX, will have the necessary infrastructure to distribute marine fuel.

"This fuel center will meet the requirements of ships of a range of sizes and activities, such as PSVs (Platform Supply Vessels), cabotage and long distance, for fuel like MGO - Marine Gas Oil and IFO -Intermediate Fuel Oil," LLX said in a statement.

“This initiative aims to ensure companies setting up at Açu Superport have an ongoing competitive supply of high quality marine fuel for their operations. The contract will also help Açu Superport to become a hub port for marine fuel, recognized in the global market", said Marcus Berto, LLX CEO.

LLX said it will rent an area of approximately 350,000 square metres, located at the entrance of the TX2 channel, and also intends to rent 600,000 square metres at TX1, in an area that has been prepared for the construction of an oil treatment facility .

"This association reinforces BP's commitment to the Brazilian energy sector, and complements our investments in the E&P, lubricant, aviation fuel and biofuel sectors," said Luiz Figueiredo, Regional Director of BP IST in Brazil.

As a result of the joint-venture, LLX said that Açu Superport will become one of the main distribution centres of marine fuel in the South Atlantic. The new company is due to start operating after it has obtained the required licenses and permits.

BIMCO ETS BARECON clause 2026 graphic. BIMCO adopts ETS clause for bareboat charters, delays biofuel provision  

BIMCO’s Documentary Committee has approved an emissions trading compliance clause while requesting further work on a biofuel charter provision.
SALEFORM 2025 standard form graphic. BIMCO and Norwegian Shipbrokers’ Association launch SALEFORM 2025 ship sale contract  

Updated agreement addresses banking changes, compliance requirements and environmental regulations affecting vessel transactions.
Everllence H2 test engine. Everllence develops hydrogen test bench for marine engines  

German engine maker upgrades Augsburg facility under HydroPoLEn project backed by federal maritime research funding.
CMA CGM Osmium vessel. CMA CGM names 13,000-teu methanol-fuelled containership in South Korea  

CMA CGM Osmium to operate on Asia–Mexico service as part of the carrier’s decarbonisation strategy.
NorthStandard logo. NorthStandard publishes biofuel guide as marine insurance claims emerge  

White paper addresses quality issues and compliance requirements as biofuel testing volumes surge twelvefold.
Clean Maritime Fuels Platform (CMFP) logo. Maritime fuel platform calls for EU shipping ETS revenues to fund clean fuel deployment  

Clean Maritime Fuels Platform urges earmarking of national emissions trading revenues for renewable fuel infrastructure.
Seatransport 73m SLV Lloyd’s Register grants approval for hybrid nuclear power design for amphibious vessels  

Classification society approves Seatransport’s concept integrating micro modular reactors with diesel-electric systems.
Everllence ME-LGIE engine. Everllence and Vale partner on ethanol-powered marine engine development  

Brazilian mining company to develop dual-fuel ethanol engines based on ME-LGI platform.
India flag. Emvolon highlights biomethanol as a solution to unlock India’s biogas potential  

Company says distributed biogas-to-biomethanol production could bridge rural feedstock with maritime fuel demand.
Grande Svezia vessel. Grimaldi's Grande Svezia makes inaugural Le Havre call with ammonia-ready design  

Second of 10 new-generation PCTCs features 5 MWh battery system and cold ironing capability.




 Recommended