Galp will be supplying a new marine fuel oil with a maximum of 0.50% sulphur content that complies with the new International Maritime Organization (IMO) rules applying to all ships from January 1st.
With the new offering, Galp will provide the means for clients to tackle the most sweeping change ever in the international market for marine fuels, comparable only to the replacement of coal by fuel as the mainstream maritime shipping energy source, at the outset of the 20th Century.
This change will determine a sharp decline in maritime cargo-emissions and contribute to a better environment.
The new fuel, known as VLSFO 0.50%S, is the outcome of almost two years of research in which Galp tested more than 160 different formulations. It will be available at all the Portuguese ports starting on November 15th. It will be produced exclusively at the company’s Sines and Matosinhos refineries. VLSFO will supplied by truck, by barge and by pipeline.
Galp will also continue to supply a wide range of marine fuels and lubricants.
About Galp
Galp is a publicly held, Portuguese-based energy company, with an international presence. We develop efficient and environmentally sustainable solutions throughout all stages of the energy sector's value chain, in our operations as well as in the offering we provide to our clients, whether companies from all industries, or regular consumers looking for the most flexible solutions for their home and mobility needs. We prospect and extract oil and natural gas from reservoirs located miles underneath the oceans, but we also commit to dedicating 40% of our investment to projects that contribute to reduce global CO2 emissions, including renewable energy production plants. Our offerings combine all types of energy, from electricity to gas and liquid fuels. We also contribute to the economic development of the 11 countries where we operate and to the social progress of the communities that welcome us. Galp employs 6,360 people.