The IMO’s 2020 marine fuel sulphur cap and challenges for the global refining industry: Time for action is now!
Written by: Rasool Barouni
Senior staff consultant, Energy Economics, KBC Advanced Technologies April 2017
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This report explores the outlook for marine bunkers, a niche market that accounts, depending on estimates, for up to 7 percent of the demand barrel. It focuses on the impact of new environmental restrictions that aim to drastically reduce sulfur oxide (SOx) emissions from ships as of January 2020, placing them against the background of past innovations that have been reshaping ships’ fuel consumption patterns and assessing their likely impact on future innovation in the sector.