There is no single path for refiners preparing for the IMO’s upcoming global sulfur cap, which will take effect on January 1. Options range from pursuing expensive modernization projects that will further process high sulfur fuel oil (HSFO) and produce more IMO-compliant fuels, to proceeding with a business-as-usual approach and hoping the market takes care of the IMO problem.Continue Reading
'IMO 2020' is going to usher in a mammoth sea change for the global petroleum market. On January 1, 2020, the International Maritime Organization (hark, IMO) - the agency that regulates the global shipping market - will enforce a global sulfur cap of 0.5% on marine fuels.
While this is this going to have the biggest impact on fuel oil and middle distillates, it is also going to influence the...Continue Reading