PETROJAM says that after six months of implementation it has made a smooth transition to supplying the very low sulphur heavy fuel oil, which is used in the marine sector.
A release from the company stated that on January 1, 2020, the International Maritime Organization (IMO) introduced new regulations to lower the sulphur cap on marine fuels, reducing the global limit from 3.5 per cent to 0.50 per cent.
General manager of Petrojam, Winston Watson, explained that as the main player in the local market for heavy fuel oil, Petrojam prepared methodically for this switchover.
The Petrojam general manager said that despite the challenges anticipated by the Jamaica Public Service's conversion to liquefied natural gas and changes in the quality requirements for the bunker market, from three per cent to 0.5 per cent sulphur, Petrojam recalibrated its business model to ensure continued supply reliability and commercial viability.
The new 0.50 per cent sulphur limit is said to create higher risks of fuel incompatibility.
