Logistics major signs deal to produce IMO-compliant bunker fuel
9 Sep 2019 - by
Maersk Oil Trading and Koole Terminals have signed an agreement to produce International Maritime Organisation (IMO) Sulphur 2020-compliant bunker fuel.
The production will take place at the Petrochemical Industrial Distillation (PID) unit located at Koole’s Botlek site in the heart of the Port of Rotterdam. The deal allows Maersk to produce very low sulphur fuel oil, and will enable the logistics company to further expand its bunker supply volumes in Europe.
Annual production is expected to cover 5% to 10% of Maersk’s annual bunker fuel demand.
“Our activities with Koole will be an important driver in ensuring stable, reliable services for Maersk’s customers during a potentially volatile period for global shipping,” said Niels Henrik Lindegaard, head of Maersk Oil Trading at A.P. Moller - Maersk.
The IMO’s global sulphur limit regulations will enter into force on January 1, 2020, and will require ships around the world to use bunker fuel with a maximum sulphur content of 0.5%.