Banle Energy Launches Its First Biofuel Bunkering Operation In Hong Kong
Portfolio Pulse from Benzinga Newsdesk
Banle Energy International Limited, a subsidiary of CBL International Limited (NASDAQ:BANL), has launched its first B24 biofuel bunkering operation in Hong Kong in partnership with ASB Biodiesel and Seven Seas Oil. The move is part of the company's efforts to support the 2023 IMO Greenhouse Gas Strategy, which aims to reduce greenhouse gas emissions from international shipping. The company's CEO, Teck Lim Chia, stated that the operation is a significant step towards environmental sustainability and reducing carbon emissions in the shipping industry.
July 14, 2023 | 12:47 pm
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Banle Energy's launch of its first B24 biofuel bunkering operation in Hong Kong could potentially boost the company's reputation in the green energy sector and attract environmentally conscious investors.
The launch of the biofuel bunkering operation aligns with the global trend towards green energy and carbon reduction. This could potentially attract investors who are interested in environmentally friendly businesses, thereby potentially boosting the company's stock price in the short term.
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