MarinaChain, a leading maritime digital solution company, announced that it has launched a B24 trading brokerage service through Singapore for the first time in Korea. This is expected to serve as a significant turning point in accelerating the decarbonization of the shipping industry.

B24 is a biofuel blending 24% Used Cooking Oil Methyl Ester (UCOME) with 76% Very Low Sulfur Fuel Oil (VLSFO), gaining spotlight as a sustainable energy source to replace traditional marine fuel oils. This innovative fuel blend reduces greenhouse gas emissions while opening a future where the shipping industry can simultaneously pursue sustainability and efficiency.

Through this service, MarinaChain plans to leverage Singapore's robust financial and maritime network to support domestic shipping companies in trading and utilizing biofuels via the B24 platform. In particular, through its collaboration with Singapore's Holt Global, MarinaChain ensures a stable supply of B24 fuel and strengthens its brokerage services, helping domestic companies further enhance their competitiveness in the global market.

Seong-yeop Ha, CEO of MarinaChain, stated, "Through our collaboration with Singapore, we aim to provide an environment where Korean shipping companies can efficiently manage and trade biofuels," adding, "This B24 trading service will play a crucial role in improving sustainability in the shipping industry and ultimately achieving decarbonization."

Going beyond simply supporting biofuel transactions, this brokerage service helps companies establish long-term decarbonization strategies through data-driven analysis and forecasting. Through this, MarinaChain plans to continuously innovate so that the maritime industry can achieve its carbon neutrality goals more transparently and efficiently.

The successful launch of the B24 trading service is expected to strengthen MarinaChain's global influence while providing a new stepping stone for the Korean shipping industry to respond to international regulations and achieve sustainable growth.