09NOV2018 - NEWS - Italy based refiner Saras invests in Mediterranean ULSFO Bunkering Terminal ahead of IMO 2020 ship fuel rule
Italian refiner Saras is constructing a ship-refueling terminal at its Sardinia plant and will market a new, cleaner marine fuel ahead of a major regulatory change in 2020. From January 2020, the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, in one of the biggest changes in the oil market in decades. Refineries around the world have been gearing up for the switch by reducing output of high-sulphur fuel and upgrading plants to maximise production of the cleaner, more expensive fuel, which is similar to diesel. Saras is investing in infrastructure that will allow ships to dock outside its 300,000-barrels-per-day Sarroch refinery in Sardinia to directly load ultra-low-sulphur marine fuel oil (ULSFO), in what is known as bunkering.