Ultra-low sulfur drop in replacement for IFO380 under development
Canadian bio-fuels technology company Altranex Corp. (Altranex) says it is developing a drop-in replacement for IFO380 bunker fuel that has a maximum sulfur content of 0.10 percent to meet both Emissions Control Area (ECA) regulations and an anticipated 0.5 percent sulfur cap in 2020.
"This could really be a paradigm shift for the industry, because no-one has been thinking in this direction," the company's founder and CEO Chad Joshi told Ship & bunker.
Joshi says the company has already produced small quantities of the replacement fuel, Altra-HF, and is in the process of detailing its exact composition, with the goal being to meet the ISO8217 specification for current 380 cSt bunker fuels.
"We've got something that could solve the pain that the industry is feeling," said Joshi.
"Based on current costs now, we're projecting we'll be comparable to existing IFO380 prices at about $650 per metric tonne (pmt). It will certainly be less expensive than the ultra-low sulfur diesel (ULSD) [ship operators] will have to buy."
Read in full: http://shipandbunker.com/news/world/859020-ultra-low-sulfur-drop-in-replacement-for-ifo380-under-development
