Cepsa Aims to Produce up to 2.5 Million Tonnes Low-Sulphur Fuel Oil

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According to an article published in Reuters, Spanish refinery Cepsa aims to produce 2.2 million-2.5 million tonnes per year of shipping fuel.

IMO complaint fuel

The new fuel will be compliant with new IMO rules capping sulphur emissions, the head of marine fuels for Cepsa Trading.

Cepsa has so far not secured any buyers for the new very low sulphur fuel oil (VLSFO), Carlos Giner Monleon told the Platts European Bunker Fuel Conference in Amsterdam.

Fuel tested by prospective buyers

Monleon said some customers tried the new fuel in tests at the end of February and at the end of April but did not specify which customers

From Jan. 1, 2020, ships will be required to burn fuels with a maximum 0.5% sulphur, down from 3.5% currently, International Maritime Organization (IMO) rules dictate

The U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40% of Cepsa from Abu Dhabi state investor Mubadala

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Source: Reuters

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