Copenhagen, Denmark/Rotterdam, The Netherlands --- Maersk Oil Trading and Koole Terminals today announced the signing of an agreement to produce IMO 2020-compliant bunker fuel.
The production will take place at the Petrochemical Industrial Distillation (PID) unit, located at Koole’s Botlek site in the heart of the Port of Rotterdam. The toll distillation deal allows Maersk to produce VLSFO bunker fuel and will enable Maersk to further expand its bunker supply volumes in Europe.
Annual production is expected to cover 5-10% of Maersk’s annual fuel demand.
“The fuel manufacturing process allows Maersk to produce compatible low sulphur fuels that complies 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,” said Niels Henrik Lindegaard, Head of Maersk Oil Trading at A.P. Moller - Maersk.
“Koole Terminals continues to explore opportunities to contribute to a sustainable society. One of the initiatives is to utilize 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,” said John Kraakman, CEO of Koole Terminals.
The IMO 2020 0.5% sulphur fuel cap will be implemented globally as of 1 January 2020. Bunker fuels within the ECA (Emission Control Area) zones will remain at the current cap of 0.1% sulphur. Koole's PID unit will also enable Maersk the possibility to produce such ECA 0.1% sulphur fuel.
For further information, please contact:
Janina von Spalding, Press Officer, A.P. Moller - Maersk
+45 336 319 79
Mikkel Elbek Linnet, Senior Press Officer, A.P. Moller – Maersk
+45 336 385 15
Robert Guijs, Commercial Director, Koole Terminals
+31 10 295 37 21
About A.P. Moller – Maersk
A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs roughly 76,000 people.
About Koole Terminals
Koole Terminals is a leading independent tank storage company in North-West Europe. The company operates nine tank storage terminals and an own fleet of twelve barges and three coasters. Koole Terminals is active in three countries and has a total storage capacity of over 3,8 million cubic meters that handles a wide range of liquid bulk products.
For more information visit website Koole