Singapore Refining Company delivers first cargo of IMO-compliant fuel oil
Singapore, 7 November 2019 – The Singapore Refining Company (SRC) supplied its first cargo of Very Low Sulphur Fuel Oil (VLSFO) in October 2019. This milestone is in line with the refinery and wider industry’s readiness to supply 0.5 percent sulphur marine fuels from Singapore, one of the largest international bunkering ports, from 1 January 2020 when the International Maritime Organization (IMO) regulations come into effect. In addition to VLSFO, SRC will have the flexibility to produce Marine Gas Oils with the reconfiguration of its assets.
“With the IMO regulation coming into effect in January 2020, ship owners will be looking at different options to comply with the new compliance and enforcement requirements. Our production capabilities at SRC will enable our two shareholders, Singapore Petroleum Company Limited and Chevron Singapore Pte. Ltd. to offer a variety of marine fuels for vessels with and without scrubbers,” said Mr William L. Stone, Chief Executive Officer of SRC.
About Singapore Refining Company
The Singapore Refining Company (SRC) is a 50/50 joint venture between Chevron Singapore Pte. Ltd. and Singapore Petroleum Company Limited, a wholly-owned subsidiary of PetroChina International Co. Ltd. SRC processes up to 290,000 barrels of crude oil per day producing liquefied petroleum gas, naphtha, gasoline, jet fuel, diesel, fuel oil and asphalt.