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For years, regulations have been reducing the amount of sulfur allowed in fuels for road transport and land-based use.  But until recently, the shipping industry was allowed to burn fuels containing prodigious quantities of sulfur.  International treaty regulations now limit bunker fuels to 3.5% sulfur globally, and to 0.1% sulfur in defined Emission Control Areas.  It was decided in October 2016 that the global limit will drop to 0.5% in 2020.

Refiners will lose an important market for the heaviest, dirtiest components of crude oil.  How will shipping and refining adapt to these changes?  What kinds of marine fuels will be manufactured and burned?

By the end of this overview, you will have an understanding of:

  • Why and how marine fuel specifications are changing in 2020
  • Different types of marine fuels and why they are used
  • The possible impacts of this change on the refining industry
  • The possible responses of the shipping industry to this change

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