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.
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.
While the industry has come to terms with the need for change to support the health of the oceans, keeping up with this type of growth requires agility
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