- IMO decided to strictly enforce use of bunker fuels with a sulfur content of 0.5% from the existing 3.5% limit, from 2020.
- Refineries do not have sufficient production capacity to meet compliant bunker fuels demand.
- HSFO demand to drop from around 3.3 million bpd and fall within the range of 0.3 to 1 million bpd in 2020, leading to disappearing of substantial quantities of HSFO.
- The surge in ULSFO demand would pressurise refineries to increase capacity utilisation of coker, residue fluid...
http://mfame.guru/imo-2020-challenges-global-refinery-industrys-capacity/