Neste Unveils New IMO 2020-Compliant Marine Fuel

  • Business & Finance

Finland-based oil refining firm Neste has introduced a new IMO 2020-compliant low-sulphur marine fuel to help shipowners comply with the upcoming regulation.

The Neste Marine™ 0.5, containing maximum 0.5% sulphur, will be provided to the market during the fourth quarter of 2019.

“Neste Marine 0.5 meets the stricter legislative requirements for maritime sulphur emissions, enabling smooth operations,” Marko Pekkola, Executive Vice President of Oil Products at Neste, said.

The product will be available in Northwest Europe.

From January 1, 2020, the IMO will enforce a 0.5% global sulphur cap on fuel content for areas currently with 3.5% limit. In these areas, all vessels will be required to use fuel with a maximum sulphur content of 0.5%, unless they use exhaust gas cleaning systems.

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