Martin Tallett is founder and President of EnSys Energy, a consulting practice specializing in quantitative assessment of the global downstream petroleum industry, covering refining, logistics, trade, regulations, investment and related strategic issues. He co-leads, with David St. Amand, the EnSys-Navigistics Marine Fuels 2020 service. His early background was in a variety of refining and planning positions with Exxon and Amoco. Since 2007, he has been involved in marine fuels assessments for a range of government, refining and shipping industry clients. He holds a BSc degree in chemical engineering from the University of Nottingham in the UK.
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.