Peninsula Announces Global Sustainability Initiative & Establishes LNG Bunkering Business
by Liz Seyi Digital marketing managerPeninsula,
the leading marine fuel solutions company, has initiated its Global
Sustainability Initiative. Having been one of the first suppliers to provide
Very Low Sulphur Fuel Oil (VLSFO) in 2019, Peninsula has since focused its
strategy on transition and renewable marine energy.
Peninsula’s CEO, John A. Bassadone explained,
“IMO2020 was a complex strategic planning process and we delivered the
transition extremely effectively. Our foresight and professionalism throughout
that period led to Peninsula deepening relationships with clients and
stakeholders; cementing our position as the benchmark for quality within the
industry. Being able to adapt and evolve to the changing market is a core value
of the company.” For Peninsula, the initial phase of our Global Sustainability
Initiative, was to build an LNG supply proposition. In so doing the group is
able to positively shape the ever-changing ‘green energy’ landscape.
Peninsula360
energy transition strategy is the culmination of a wide-ranging consultation
process spanning over 18 months. With an integrated supply network already
spanning the globe, the group’s strategy was to add LNG bunkering as an
additional service. This took considerable planning and acquisition of new
skills. Building internal expertise and mapping the supply environment now
ensures that relevant LNG solutions can be provided to Peninsula’s customers. On
the topic of customers, Peninsula feels that its existing worldwide
relationships have proved vital in securing important knowledge and a clear
picture of current and future demand.
“We are already in dialogue with multiple
customers regarding their LNG strategies” stated Victor Morales, Peninsula’s
Global Head of Sales & Marketing. “We are fortunate to have deep
relationships with many customers, either already operating LNG-powered
vessels, or in the final stages of delivering new ships for service. Building
our LNG proposition around customer needs is a natural progression for us,
Morales added, as it is a methodology we have followed in conventional
bunkering for 25 years. In many cases, customers are opting for dual-fuelled
ships and we will be uniquely placed to assist them with all their bunkering
needs”
Peninsula
is a naturally risk-averse company and when it came to the operational
challenges of LNG supply their planning has been wholly focused on replicating
its reputation as a safe, quality operator by all stakeholders and in ensuring
that it is ready to meet the transition challenges. Nacho de Miguel was an
early recruit adding significant pedigree to this process. Having commenced his
career in Cepsa’s bunker business, where he counted Peninsula as a customer, he
progressed into LNG-focused senior positions with Union Fenosa.
“I am fortunate to have worked extensively in
both bunkers and LNG therefore I welcomed the opportunity to bring this
experience and knowledge to Peninsula as it develops its worldwide LNG supply
business. The company has a long history of investing for the future and is
committed to delivering a sustainable marine energy proposition for its global
customers.” De Miguel’s position as Head of Business Development for Peninsula
empowers him to lead the entire energy transition strategy and he has already
built a team covering-off the key elements of LNG bunker supply such as
technical, regulatory and governance as well as the commercial agenda for the
group.
John A. Bassadone concluded: “This is another
major milestone in Peninsula’s evolution. We have built a team of very
experienced individuals in the sustainability and LNG space who will drive
Peninsula’s transition to a cleaner future. Peninsula already has a wide-ranging
presence across the maritime supply chain. Initially we are using this
expertise to progressively build an LNG
bunkering proposition, which
will benefit our customers globally. We are already in advanced discussions
with shipyards, governments, maritime authorities, suppliers and customers, to
name but a few, and the response so far has been extremely positive given
Peninsula’s excellent reputation in conventional bunkering. As technology continues
to improve we will invest in further viable green energy solutions. Ultimately
we are committed to a zero carbon future and I strongly believe that Peninsula
will play a key role in marine energy reaching this destination.”
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Created on Sep 2nd 2022 03:32. Viewed 150 times.
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