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

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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.)

Mariner 150
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First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

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Opcon, in collaboration with Wallenius Marine, recently completed the first reference installation of its Waste Heat Recovery technology for ocean-going vessels in a project supported by the Swedish Energy Agency. Opcon Powerbox ORC Marine version. Opcon Powerbox WST Marine version. The MV Figaro. Click to enlarge. Earlier post.)

Waste 300
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IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

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In 2016, the IMO confirmed that global refiners and shippers would have to comply with these new environmental regulations five years earlier than many anticipated, which sent tidal waves through two industries that typically take many years to adapt to such significant change. —Kurt Barrow.

Fuel 170
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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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While the Department of Defense (DoD) is one of the world’s largest fuel users, its consumption of about 340,000 bpd is a small fraction (less than one-half of 1 percent) of global petroleum demand. While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high.

Price 225
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Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

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Accenture has identified 12 technologies that it concludes have the potential to disrupt the current views of transport fuels supply, demand and GHG emissions over the next 10 years. by 2014) and also examines different global markets. Will be competitive at an oil price of $45 to $90 at their commercial date.

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Hyundai Heavy developing its own floating LNG ship

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PETRONAS has awarded Daewoo Shipbuilding & Marine Engineering Co., The topside includes not only liquefaction and pre-treatment units but also utilities such as fresh water supply unit, the air compression, heat source and power generation systems. Earlier post.) in a consortium with Technip, an FLNG development project as well.

Hyundai 199
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. The report was released on the opening day of KPMG’s global “Business Perspective on Sustainable Growth: Preparing for Rio+20” summit occurring this week in New York.