(10b) The Big IMO Disruption: Fueling the World's Ships | AIChE

(10b) The Big IMO Disruption: Fueling the World's Ships

Authors 

Sayal, S. - Presenter, IHS Markit
The IMO bunker fuel specification change in 2020 is expected to have a disruptive impact on the shipping and refining industries. How will the companies prepare for these changes, and will they be compliant in time? How will the shipping industry address a lack of compliant fuel, and how will the IMO ensure compliance? Refiners will need to choose how to operate after the specification change: They may require lower-sulfur crudes and may create new formulations to blend bunker fuel, or they may need to dispose of the higher sulfur residual streams. What will be the impact on pricing relationships between crude, intermediates, and products during this period?