Vale, working in partnership with Oldendorff Carriers, have just commenced their first biofuel voyage on a bulk vessel. The trial is taking place on an Oldendorff vessel performing a laden Vale voyage from Brazil to Asia, carrying a full cargo of iron ore.

The Hinrich Oldendorff (209,113 deadweight built 2016) loaded the biofuel in Singapore on October 16th on the ballast voyage to Brazil. The vessel then loaded Vale’s iron ore this Tuesday November 28^th at Guaiba Island Terminal and will consume the blended biofuel on the laden leg from Brazil to Asia.

The B24 biofuel on board is a blend of about 24% used cooking oil of vegetable origin (286 metric tonnes) and the balance is fuel oil. The product supplied is both European Union Renewable Energy Directive (EU RED) compliant and certified by International Sustainability & Carbon Certification (ISCC). The expected well-to-wake CO₂ equivalent savings is around 18% or 784 metric tonnes of CO₂ equivalent and will contribute to Vale’s Scope 3 emission reduction.

Using biofuel on the laden voyage is part of the Ecoshipping program, an R&D initiative developed by Vale shipping area to reduce the shipping greenhouse gas emissions in line with the ambitions set by the International Maritime Organization (IMO). The program is testing and developing solutions for the use of alternative fuels for shipping, in addition to piloting new energy efficiency technologies. “We are happy to have great shipping partners committed to support our initiatives and make it happen, genuine collaborations and partnerships will be the key of the success”, said Michelle Gonzalez, General Manager of Chartering, Long-Term Contracts and Operations at Vale.

Oldendorff Carriers has previously performed biofuel trials on smaller vessels and for shorter voyages, but this will be Oldendorff's first full voyage consuming biofuel on a Newcastlemax. Patrick Hutchins, CEO of Oldendorff Carriers, commented “We are delighted that Vale has chosen Oldendorff Carriers for their first biofuel voyage. We look forward to investigating further opportunities together with Vale to advance the shipping and mining industries progress in achieving sustainability goals.”

About Vale

Vale is a global mining company that exists to improve lives and transform the future together. One of the world's largest producers of iron ore and nickel and a major copper producer, Vale is headquartered in Brazil and operates around the world. Its operations comprise integrated logistics systems, including approximately 2,000 kilometres of railways, marine terminals and 10 ports distributed around the globe.

Vale has the ambition to be recognized by society as a benchmark in safety, the best-in-class reliable operator, a talent-driven organization, a leader in sustainable mining, and a benchmark in creating and sharing value.

About Oldendorff Carriers

Oldendorff Carriers is a 102-year-old family-owned shipping company typically operating a fleet of around 700 bulk carriers. The company is represented by 21 offices around the world including 11 bulk transshipment projects employing a workforce of over 4,500 people from 60 countries. www.oldendorff.com