SK innovation plans to invest KRW 1 trillion to build a new desulfurisation unit.
Image Credit: SK innovaion
In response to a global 0.50 percent sulfur cap on marine fuel set for 2020, South Korea's SK Innovation Co., Ltd. (SK innovation) today said it plans to invest KRW 1 trillion ($897.8 million) to build a new desulfurisation unit, Reuters reports.
The development will see the addition of 40,000 barrels per day (bpd) Vacuum Residue Desulfurisation (VRDS) to an 840,000-bpd refinery in Ulsan.
As Ship & Bunker has previously reported, further to tightening global emission regulations in 2020, South Korea's Port of Busan is pursuing the designation of an emissions control area (ECA) to control sulfur emissions from ships in the waters surrounding that port.