SKTI informed that it will increase its offshore oil blending business by four times, reaching from the current 23,000 barrels a day, to 90,000 barrels next year. The company charters a large oil tanker and adds semi-finished products to produce LSFO.
Namely, as sources reported, SKTI’s low-sulphur oil supply will grow to 130,000 barrels per day, once SK Energy’s vacuum residue desulfurization (VRDS) facility starts operation next April. Then it will be able to produce 40,000 barrels of low-sulphur oil per day.
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SKTI is also taking part in an attempt to create a new industry ecosystem, aiming to address changes due to IMO’s 2020 sulphur cap. Specifically, in March, it signed a deal with the Korea Ocean Business Corp., Hyundai Merchant Marine and other firms, to establish a fund to help producers of eco-friendly facilities.
What is more, SKTI also plans to retrofit scrubbers on 19 ships through this project.
