Remove Conversion Remove Gas Remove Mariner Remove Oil Prices
article thumbnail

IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

Green Car Congress

On 27 October 2016, the International Maritime Organization (IMO) announced that beginning on 1 January 2020, the maximum sulfur content allowed in marine bunker fuel will be reduced from 3.50% mass by mass (m/m) to 0.50% m/m (35,000 ppm to 5,000 ppm)—five years earlier than many expected. Earlier post.) —Kurt Barrow.

Mariner 150
article thumbnail

IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

Green Car Congress

The level of compliance by shippers has been widely viewed as the one of the greatest uncertainties surrounding the implementation of the IMO’s new marine fuel regulations, and the compliance level has a significant weighting on projections for refined fuel prices, spreads and margins during the IMO 2020 disruption period,IHS Markit said.

Fuel 170
article thumbnail

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. BGPY worldwide, representing a 127% increase over 2010 production volumes and an 8.4%

Global 225
article thumbnail

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Green Car Congress

Finally, DOE will support development of domestically produced, infrastructure-compatible biofuels to reduce carbon emissions from liquid transportation fuels where electrification is not viable (heavy-duty vehicles, marine, and air). DOE will support the development of new technologies that may make natural gas more applicable for transport.

article thumbnail

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Green Car Congress

Accenture defined disruptive fuel technologies as those that: Reduce hydrocarbon fuel demand by more than 20% by 2030; Save greenhouse gas emissions (GHG) by more than 30% relative to the hydrocarbons they replace; Will be commercial in less than five years; and. Will be competitive at an oil price of $45 to $90 at their commercial date.

article thumbnail

RAND study concludes use of alternative fuels by US military would convey no direct military benefit; recommends energy efficiency instead

Green Car Congress

Providing war fighters with more energy-efficient equipment such as aircraft or combat vehicles improves operational effectiveness, saves money and reduces greenhouse gas emissions, they said. Opportunities to Produce Alternative Fuels with Lower Greenhouse Gas Emissions. ” —James Bartis, lead author.