BHP Partners with Singapore on Biofuel Pilot for Shipping
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2026
0mins
Source: seekingalpha
- Biofuel Pilot Project: BHP and the Global Centre for Maritime Decarbonisation have launched a pilot project using a biofuel blend made from used cooking oil and waste animal fat on a cargo ship, aiming to assess its feasibility and integration into existing supply chains under real-world conditions.
- Significant Emission Reductions: The bio-blend used on the BHP-chartered Berge Lyngor bulk carrier is expected to reduce greenhouse gas emissions by approximately 79% per voyage compared to very low sulfur fuel oil (VLSFO), highlighting its substantial environmental benefits.
- Supply Chain Integration Exploration: The pilot will trace and verify the integrity of the biofuel blend, enhancing confidence in emissions reduction reporting and providing insights for future marine fuel supply chains that blend biofuels from multiple feedstocks.
- Diverse Feedstock Sourcing: The bio-blend consists of 50% tallow-derived biodiesel sourced from HAMR Energy and 50% used cooking oil supplied by Mitsui & Co Energy Trading Singapore, showcasing the potential for diversifying feedstock sources in biofuel supply.
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Analyst Views on BHP
Wall Street analysts forecast BHP stock price to fall
3 Analyst Rating
1 Buy
1 Hold
1 Sell
Hold
Current: 90.360
Low
49.50
Averages
56.50
High
68.00
Current: 90.360
Low
49.50
Averages
56.50
High
68.00
About BHP
BHP Group Limited is an Australia-based resources company. The Company is a producer of commodities, including iron ore, copper, nickel, potash and metallurgical (steelmaking) coal. It is focused on offering a range of resources, which provides copper for renewable energy; nickel for electric vehicles; potash for sustainable farming, and iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition. Its segments include Copper, Iron Ore, and Coal. Its Copper segment is engaged in mining of copper, silver, zinc, molybdenum, uranium, and gold. Its Iron Ore segment is engaged in mining of iron ore. Its Coal segment is engaged in mining of metallurgical coal and energy coal. The Company is also focused on operating Olympic Dam, Prominent Hill, and Carrapateena underground copper-gold mines in South Australia. Its operations are situated in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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