Oman Oil Marketing Company (OOMCO) and Wakud International LLC (Wakud) have inked a new agreement that will introduce biodiesel blends in Oman’s market, OOMCO said in a statement.
The two companies will cooperate in examining the potential of selling different blends of biodiesel to customers in the commercial and marine segments.
“Biodiesel can produce immediate impact without any capital expenditure,” according to the statment. Biodiesel also is attractive to marine customers as it does not contain sulfur and committed to IMO standards and specifications for low sulfur fuel.
“OOMCO has been successfully leading the fuel marketing sector in the Sultanate by being customer-centric and providing the highest level of service to its customers. This collaborative work with Wakud is another example of how OOMCO has always been focusing on customers’ needs as this will allow OOMCO to provide new products that support its customers to achieve their de-carbonization target and drive the Oman 2040 vision towards sustainability. We are proud of Wakud as Omani SME and we trust both of us can contribute to the growth of Oman economy,” said Tarik Al Junaidi CEO of OOMCO.
“We are very excited to work partner with OOMCO to maximize the benefits of the circular economy within Oman. Together, with Wakud’s waste-based Biodiesel and OOMCO’s vast distribution network and logistics expertise, we believe we can help customers meet their carbon reduction targets without the need for expensive investment,” said Maher Al Habsi, CEO of Wakud. Biodiesel lifecycle CO2 emissions are up to 85% less than petrol diesel. Replacing 1 liter of petrol diesel with one liter of used cooking oil based Biodiesel can save 2.6 kgs of CO2 emissions.
Biodiesel has been used in Europe, UK, and USA for the past 20 years and is typically sold as a mix with petrol diesel (5%-20% biodiesel blended with petrol diesel).
Additionally, it should be noted that Wakud has launched a biodiesel plant in Khazaen Economic City, Barka with a production capacity of 500 tons (500,000 liters) of biodiesel per month.