Stena Oil is expanding storage capacity for 0.5% sulphur fuel oil in the Port of Gothenburg as it start supplying low sulphur fuel oil.
The company is adding 25,000 m3 of storage as well as boosting delivery capacity with a newbuild tankers of 5600 DWT, which it will take delivery of in March 2020. The 0.5% suphur fuel oil is available by barge in the new Skaw-Gothenburg range.
Additionally, the company's new storage terminal in Frederikshavn will be completed in the fourth quarter of 2020. The new terminal will be Scandinavia's largest for marine fuel products and will have a capacity of 75,000 m3 and is located close to one of the busiest shipping lanes in Europe.
The company says in a statement: 'We look forward to a growing bunker market in our region and these projects will further support our growth. We have been a very active player in the ULSFO 0.1% market since 2015 and building on this experience, customers can turn to us with confidence for their VLSFO needs going into 2020.'
Vopak's smart Singapore tank terminalsWhat keeps Singaporean storage operators awake? Australia's LNG imports lead to storage questions Developing a sustainable terminal for the future Renewed EU strategy for the tank storage sector IMO 2020: it may be too late to invest Impact and opportunities of a decarbonised energy system A chemical gateway for Spain Capitalising on a niche storage opportunity The 12-year evolution of REACH