South Korean shipping company HMM has signed a memorandum of understanding (MOU) with the Korea BioEnergy Association, Hyundai Heavy Industries Co., Korea Shipbuilding & Offshore Engineering Co., and the Korean Register of Shipping to develop marine biofuels.
An HMM Spokesperson told Offshore Energy-Green Marine that for the coming months, the parties involved in the biofuel project will be cooperating on establishing the quality standards, investigating the commercial feasibility, and developing a viable supply chain solution for the fuel.