The CEO continued that KPI has been preparing for the changes that will follow in the market.
In addition, KPI expects to see a diverse range of specs that comply with the new 0.5% Sulphur regulations and are working with suppliers to establish the likely impact on quality and availability.
The key to successfully manage the changes brought about by the new Sulphur regulations is preparation and if anyone hasn’t started preparing their operations yet, right now is most definitely the right time.
... Mr Søren Høll noted.
He also mentioned that KPI started fixing 0.5% sulphur contracts in flow ports at the beginning of Q2 and expect demand for these to significantly pick up over the summer.
In order for KPI to be able to accommodate the expected demand, they recently secured access to a new credit facility, which increases the company’s funding capacity by more than 60% when compared to our previous arrangement.