Ulsan Port Authority (UPA) has unveiled comprehensive plans to promote marine biofuel adoption centred on Ulsan Port, highlighting the port’s strategic advantages including its world-class petrochemical infrastructure, extensive storage facilities, and specialised handling expertise.
UPA says it is committed to developing the necessary facilities and operational frameworks to become Northeast Asia’s premier biofuel bunkering destination.
UPA President Jae-young Byeon said: “As IMO environmental regulations intensify, Ulsan Port Authority is strategically positioned to lead the transition to alternative fuels. Marine biofuels represent a practical alternative that can be implemented immediately without requiring new vessel construction or retrofitting. UPA will continue to strengthen port-centred biofuel supply networks and create a competitive eco-friendly marine fuel market through our advanced infrastructure and technical expertise.”
Korea Maritime Cooperation Center (KMC) CEO Hong Sun-bae added: “We will continuously facilitate industry dialogue forums like this meeting to strengthen the competitiveness of the domestic shipping industry as international regulations approach, creating opportunities for growth.”
The announcement was made at the ‘2nd Forum on the Commercialization of Biofuels for Maritime Vessels’ held in Seoul. The forum concluded with a dynamic panel discussion where UPA outlined its roadmap for transforming Ulsan Port into the region’s leading biofuel supply centre, backed by strategic investments and cross-sector partnerships.
Image: Shipping representatives at the biofuel forum in Seoul, South Korea (credit: Ulsan Port Authority)
