Koole Terminals & Maersk Oil Trading will start producing IMO 2020-compliant bunker fuel.
Production will take place at the Petrochemical Industrial Distillation (PID) unit, located at Koole's Botlek site in the Port of Rotterdam. The toll distillation deal allows Maersk to product very low sulphur fuel bunker fuels and will enable Maersk to further expand its bunker supply volumes in Europe.
Annual production is expected to cover 5% to 10% of Maersk's annual fuel demand.
John Kraakman, CEO of Koole Terminals, says: 'Koole Terminals continues to explore opportunities to contribute to a sustainable society. One of the initiatives is to utilise our PID unit for producing environmentally friendly transportation fuels. We are proud to partner with Maersk and produce a low sulphur bunker fuel to support the reduction of sulphur emissions in order to reduce air pollution.'
Head of Maersk Oil Trading at A.P Moller – Maersk Niels Henrik Lindegaard adds: 'The fuel manufacturing process allows Maersk to produce compatible low sulphur fuels that comply with the IMO 2020 sulphur cap implementation, reducing the need to rely on 0.1% price-based gasoil and fuel oil outside the ECA zones.
'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.'
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