European refiners lag on IMO 2020
The continent’s crude processors are playing catch-up following the introduction of IMO 2020 regulations on sulphur content in marine fuel
European refiners are, in many cases, reacting retroactively to the introduction of stricter sulphur limits on marine transport fuels. the changes are being made. A study by US firm AspenTech—a software provider for process industries—earlier this year found that European refiners were the least prepared globally for the advent of IMO 2020. Under new International Maritime Organisation (IMO) 2020 regulations introduced at the start of the year, the limit for sulphur content in marine fuel has been reduced to 0.5pc. While bunker fuel typically accounts for a small proportion of refiners’ output, this nonetheless requires them to make changes. And these changes must now be made while facing th
Also in this section
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
12 September 2024
The oil alliance must navigate the good, the bad and the ugly in its showdown with the market at the beginning of December
12 September 2024
The transition to oil evokes revolution and renaissance
10 September 2024
The August/September issue of Petroleum Economist is out now!