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
Turkey gears up
22 March 2017
The country must cross several hurdles before it can channel significant gas supplies to Europe
Mozambique needs less haste, less speed
8 March 2017
Bureaucracy, financing problems and last-minute wrangles are slowing Rovuma Basin projects
Evergreen gas problem
6 March 2017
After years of decline, the continent's demand is rising again, creating a new battlefield for exporters