Vopak to invest 40m euros to meet new marine fuel rules in 2020
The International Maritime Organization cap 2 years from now will restrict sulphur content in marine fuel to 0.5%
Singapore
DUTCH oil and chemical storage company Vopak said it is investing 40 million euros (S$64.3 million) globally to cater for the flexibility and capacity to meet the refuelling needs of marine vessels when the International Maritime Organization's (IMO) global sulphur cap comes into force.
The IMO cap that will kick in by 2020 will restrict sulphur content in marine fuel to 0.5 per cent.
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