A new report by Robin Meech and FGE
A new report by Robin Meech and FGE says that implementing the IMO sulphur limit proposals by 2020 would be virtually impossible, requiring the refining industry to invest in more than 4 million b/d of extra secondary processing capacity, above that already scheduled. The reports findings add to a growing industry perception that abatement technology will be increasingly attractive.
Outlook for Marine Bunkers and Fuel Oil to 2030 concludes that under pressure from the impending marine emissions legislation, the mix of fuels used in the shipping industry will proliferate, that on‐board scrubbing will become viable, initially for vessels operating in ECA areas, but subsequently for all newbuilds.
The report contains around 105 pages with over 50 tables/charts and provides a comprehensive update of the current legislation, how the shipping and refining industries are likely to respond , as well as the implications in terms of bunker demand, price differentials and investments.
Bunker demand has been forecast independently, built up from a region‐by‐region base with a particular focus on the anticipated effect of recent technical advances in scrubber design and fuel efficiency.
On the refining side, the analysis is based on the detailed build up of capacity and the application of a proprietary refining model.
Source: World Bunkering
