Saras has announced plans to build a marine bunkering terminal and will market a new, cleaner marine fuel ahead of the IMO 2020 regulation.
The new terminal will be built at the Italian refiners Sardinia plant. Speaking to Reuters CEO Dario Scaffardi says that by producing the new fuel, the company has a competitive advantage over others as the low sulphur specs are difficult to achieve for technical reasons.
He says: ‘With a small investment, we will have bunkering infrastructure and a lightering vessel and start selling local fuels to expand the market.’
The plant will initially produce 500,000 to 600,000 tonnes of ultra-low sulphur fuel oil per year.