Related Articles
Forward article link
Share PDF with colleagues

Environmental changes bring upheavals for refiners

Environmentally driven changes to shipping fuels will bring change for the world’s refiners

Worldwide, maritime transport uses about 370 million tonnes a year (t/y) of bunker fuel of all types, accounting for about 9% of world oil consumption. For many refiners, earning their revenues from light streams, bunker fuel is little more than a by-product – but shifts in shipping fuel specifications, together with the possible introduction of new fuels, will force changes to that relationship. Heavy investments will be needed if refiners are to continue to make what has always been a low-margin product. Environmentalists say the shipping business has avoided much of the clean-up legislation of the past several decades, in which period the sulphur content of road fuels has been reduced to

Also in this section
Global refining capacity is going to keep growing
24 April 2018
Fast-growing markets are adding more plants and eking out gains at older ones. What's coming on, where, and when?
Refiners and finance: who's winning and where?
20 April 2018
Companies that splurged on sophisticated capacity additions, like Repsol and Tüpraş, and the majors with balanced upstream-downstream portfolios will benefit most
Middle distillates take centre stage
20 April 2018
Oil-product demand, especially for middle distillates, is rising more quickly that processing capacity. It's good news for refiners