Viva Energy Fuels the Future of Shipping
Viva Energy Australia announced the launch of its new very low sulphur fuel oil (VLSFO), developed to meet the International Maritime Organization’s (IMO) new regulations on fuel sulphur content.The new regulations will limit the sulphur content in marine fuels to 0.5% from the current level of 3.5%, in a move to reduce sulphur oxide emissions globally. Vessels worldwide will be required to comply by January 1, 2020.The introduction of the IMO’s new sulphur cap on fuels is one…
Shell Geelong Refinery for Sale
Shell Australia announced its Geelong Refinery is for sale. The proposed sale of the 120 kb/d refinery is in line with Shell’s global strategy to concentrate investment on large scale sites, such as the company’s world scale Pulau Bukom refinery in Singapore. The announcement underpins Shell’s local strategy to grow its retail and bulk fuels business, along with terminals and pipelines. Shell recognizes that other parties, with a different portfolio, may have a different strategy and want to enter or expand in the Australian refining market.