BP said it was set to launch "a new very low sulfur fuel oil" with maximum 0.5% sulfur content following sea trials of product produced and supplied in Northwest Europe and Singapore.
It did not give further details of the product's specifications or when it planned to make the first sale.
When the International Maritime Organization's global marine fuel sulfur limit drops to 0.5% at the start of next year from 3.5%, the majority of the shipping industry is expected to shift to using new 0.5% sulfur fuel blends.
Refiners and suppliers have started developing those blends and have given test samples to customers in some cases, but little information has emerged about the likely specifications of these new products.
"We have undertaken a comprehensive test campaign, conducting ship-board trials of our new very low sulfur fuel oil," said Eddie Gauci, global head of BP Marine.
"Following the success of these sea trials, and working closely with our customers, we believe we now have a robust commercial offer."
Source:S&P Global Platts
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