PSCM Energy Pte. Ltd. (201843061C) announces their withdrawal from the MGO FUELTECH PTE. LTD. (201902380N) joint venture and from their association with GAT Asian Ventures Pte. Ltd. (201901308D).

PSCM Energy Pte. Ltd. is developing alternative plans for the production of IMO-2020 compliant MGO fuel for ships to fulfill our existing contracts for IMO-2020 MGO marine fuel.

PSCM Energy Pte. Ltd. now intends to begin the construction of the MGO production facilities in the second quarter of 2019 enabling us initially produce approximately 24,000 barrels per day of IMO-2020 compliant MGO fuel. Delivery is now planned to begin in October 2019.

Per the International Marine Organization, “In a landmark decision for both the environment and human health, 1 January 2020 has been set as the implementation date for a significant reduction in the Sulphur content of the fuel oil used by ships.

The decision to implement a global sulfur limit of 0.50% m/m (mass/mass) in 2020 was taken by the International Maritime Organization (IMO), the regulatory authority for international shipping, during its Marine Environment Protection Committee (MEPC), meeting for its 70th session in London.

It represents a significant cut from the 3.5% m/m global limit currently in place and demonstrates a clear commitment by IMO to ensuring shipping meets its environmental obligations.”

About PSC Energy PTE. LTD.

PSCM Energy PTE. LTD. is headquartered in Singapore, and will provide IMO-2020 compliant MGO ship fuel production, electricity generation capacity and hydrogen fuel cell energy production.

Media Contact
Company Name: PSCM Energy PTE. LTD. (201843061C)
Contact Person: Mrs. Xin Zhang, Director of International Business Development
Email: Send Email
Phone: +1 512 456-8713
Country: Singapore
Website: http://pscmEnergyInternational.com