Speaking about this development, Deputy Chief Executive officer Andreas Shiamishis, said that Hellenic Petroleum is ready to comply with the 2020 sulphur cap, which will reduce the sulphur content on marine fuels to 0.5%. In fact, two of its three refineries are already IMO compatible.
As for the third refinery in Aspropyrgos, which produces high sulphur fuel oil, it will comply with the new rules in November, as some tests will take place in the second quarter, Reuters reported.
In a similar development, the Port of Fujairah announced that a 0.5% sulphur bunker fuel will be available at the port, as early as February 2019 onwards. Namely, Fujairah Refilling Limited has began the manufacturing and production of the first bunker fuel oil with 0.5% sulphur which will be delivered in Fujairah.
As the Port stated in a notice to mariners:
We are pleased to inform the vessels calling Fujairah Offshore Anchorage Area and Port of Fujairah that Fujairah Refilling Limited has started manufacturing and production of the first Bunker Fuel Oil 0.5% sulfur which is ready for delivering in Fujairah. That means the Bunker Fuel 0.5% sulfur is available in Fujairah as early as February 2019 onwards