Lukoil producing IMO2020 bunkers. Image Credit: Lukoil
Russia's Lukoil has begun production of max 0.50% sulfur VLSFO bunkers at its Volgograd refinery, the company announced today.
The wholly-owned LUKOIL-Volgogradneftepererabotka subsidiary plans to produce about one million tonnes of the IMO2020 grade fuel per year.
This represents a more than doubling from previous indications of its production intentions, which last year pointed to the firm having ambitions of making between 360,000 and 480,000 tonnes of 0.50% material.
Lukoil also produces around one million tonnes of 0.10% sulfur ECA compliant fuel.
The IMO2020 0.50% sulfur cap on marine fuel comes into force from January 1, 2020.