Cargill works to widen biofuel reach in shipping as Europe growth slows

Cargill increased its marine biofuels sales in 2023, but the commodities giant is expecting that growth to slow this year.

Undeterred, its Cargill Marine Fuels unit is aiming to grow its global reach. The outfit carried out its first biofuels loading off Peru for a voyage by mining giant BHP in February.

Cargill Marine Fuels head Olivier Josse told TradeWinds that the company and its partners sold 225,000 tonnes of biofuels on a B30-equivalent basis, a reference to a blend that is 30% biofuels.