The Marine Fuels 2020 Platform has been officially launched this morning. This online platform is joint initiative of a regional and national petroleum refining associations to promote a globally consistent approach to the transition to lower sulphur marine fuels and emissions adopted by the IMO as of 1 January 2020.
In October 2016, the International Maritime Organization (“IMO”) confirmed the implementation of the 0.50 % wt. global sulphur limit on marine fuels as of 1 January 2020. This represents an unprecedented challenge for the industry, as it will result in a very significant change in global marine fuel requirements.
Regional and national petroleum refining industry associations have decided to set up a Marine Fuels 2020 Platform  to promote a globally consistent approach to the transition to lower sulphur marine fuels and emissions. The petroleum refining associations, members of the Marine Fuels 2020 Platform, consider of utmost importance that measures aiming at implementing the cap worldwide shall be applied in a consistent and effective manner creating a level playing field for marine fuel suppliers in all regions. Furthermore, all such measures to be decided at IMO level in the coming months should come into force as early as possible to allow industry actors (e.g. shippers, bunker suppliers and refiners) to plan and make respective investment decisions.
The Marine Fuels 2020 Platform has also published today a first statement aimed at raising the awareness of the interested parties on the matter. It describes the options that fuel suppliers have to produce and supply compliant marine fuels. The statement furthermore offers the industry’s views on a number of key questions of interest for the wider stakeholder community. - Ends
- (1) See webpage: https://www.marinefuels2020.com/
The main scope of the platform would be to underline the importance of a consistent and effective implementation of IMO’s decision in all regions of the world. Global compliance with IMO’s decision on the implementation of a global sulphur limit in marine fuels is needed to avoid competitive distortions that may result from uneven implementation of the global sulphur cap. In addition, there may be reputational risks for the relevant industries. A platform amongst associations supplying marine fuel to the market is an adequate way to create awareness and to address advocacy messages to the issue in the different parts of the world. Contact: email@example.com Note: Full members of the platform: API, ARA,