BHP Group (ASX:BHP) is working with the Global Centre for Maritime Decarbonisation on a pilot project to evaluate how biofuels from multiple feedstocks can be blended and utilized through existing used cooking oil bunkering infrastructure, the company said Wednesday.
As part of the project, the partners blended biofuels from used cooking oil and waste animal fats, and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier.
Biofuels for global shipping depend heavily on used cooking oil, but the feedstock's availability is nearing its projected limits. Biofuel from waste animal fats, meanwhile, offers a "promising option to expand the supply of lower-emissions marine fuels," BHP said.
The results of the pilot project will help address challenges linked to fuel quality, handling, traceability, and onboard vessel performance, the company added.
BHP shares gained 2% in recent Wednesday trade.