December 2019
IMO 2020
The plight of the modern refinery: Racing to meet IMO 2020 regulations
When Kitack Lim won his second, four-year term as the Secretary General of the International Maritime Organization (IMO) in November 2018, it solidified the organization’s aggressive 2020 deadline for a global < 0.5% sulfur limit on fuel oil used onboard ships. This reduced sulfur requirement, commonly known as IMO 2020, squeezes the oil and gas industry, confounding the medium- and small-size refineries that struggle to produce low-sulfur fuel oil (LSFO), and wracking the nerves of maritime freight shippers facing volatile fuel pricing.
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