US Gulf Coast storage operator Texas International Terminals is planning to launch a crude processing facility to produce low-sulphur marine fuel.
Reuters reports that the Galveston terminal plans to operate its own crude distillation unit to produce bunker and gasoil for affiliate GCC Bunkers.
The move is ahead of an anticipated surge in demand for very low-sulphur fuel oil as a result of the IMO 2020 regulation limiting the amount of sulphur in marine fuel to 0.5%.
The company currently operates a facility with bunker storage capacity of 50,000 barrels and, according to Reuters, plans to add 750,000 barrels of fuel oil storage and 500,000 barrels of gasoil storage.
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