Vitol constructing refinery in Malaysia to produce IMO 2020 bunkers
- Published
by Admin
Independent oil trader Vitol has started operations to build a 30,000 barrels per day capacity refinery beside its oil storage terminal at Tanjung Bin, Johor in Malaysia, Vitol Asia President and CEO Kho Hui Meng told Reuters.
The refinery, to be completed by May 2020, will be built to provide low sulphur marine fuel to vessels from 2020 onwards when the global sulphur limit for bunker fuels decrease to 0.5%.
China National Petroleum Corp (CNPC) has been contracted to handle the Vitol refinery project; CNPC will be transporting a second-hand crude distillation unit (CDU) from China to the site as part of construction operations.
The Malaysian refinery will complement Vitol’s existing refineries in Fujairah to produce IMO 2020 compliant marine fuel.
Published: 25 June, 2019
