Business Trends: Anticipated market and pricing impacts from new marine fuel regulations
In October 2016, the International Maritime Organization (IMO) announced that it will implement a new regulation that calls for the sulfur content in marine fuels to be reduced from 3.5% to 0.5%. The new regulation will go into effect in January 2020. This action by the IMO will have a profound impact on the maritime and refining industries worldwide, as well as on the environment. This month’s Business Trends section provides an overview on the anticipated impacts of the IMO’s decision on petroleum product markets.
Global: Is India ready for the BS-6 changeover?
India is the seventh-largest country in the world by land mass. Urbanization is taking place at a rapid pace: According to the country’s 2011 census, more than 377 MM Indians live in nearly 8,000 towns and cities. This count represents more than 31% of the country’s total population.
Maintain the simplicity of maintenance work processes
In the processing industries, companies rely on their physical assets to guarantee that they are always producing at the same capacity, or preferably higher, than they began. To achieve these high levels of production, assets must be readily available.
Use the right model to unlock utility system potential
Although we have entered a new era of low energy prices, energy still represents one of the largest, but most easily managed, operating costs in the hydrocarbon industries.
DME as a diesel alternative in North America
Major trends in the global hydrocarbon processing industry include the regulatory-driven demand for clean, low-emissions fuels. Two decades of global efforts have shown that dimethyl ether (DME) can satisfy these drivers.