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3 Pages

Low sulphur fuel oil for bunkers - sweet enough?

Low sulphur fuel oil for bunkers - sweet enough?

Report summary

The IMO Annex VI protocol will reduce the worldwide sulphur limit for marine fuels to 5000 ppm. Marine fuels which comply with the global sulphur cap include Marine Gasoil (MGO) and Liquefied Natural Gas (LNG), while a new hybrid fuel, known as Ultra Low Sulphur Fuel Oil (ULSFO), is also likely to develop. If the IMO decides that there are insufficient compliant fuels available to meet the global cap by 2020, then enforcement will be deferred until 2025.  

This insight establishes the current availability of fuel oil with sulphur levels less than 0.5wt%, based on Wood Mackenzie’s refinery asset analysis. Given the complexity around fuel oil blending, Wood Mackenzie considers ULSFO availability to be in the range of 500 – 700 kbd. This is modest compared to the global fuel oil bunker market and so other solutions are required to satisfy the IMO requirements, given that there is insufficient low sulphur (sweet) fuel oil currently available.

What's included?

This report includes 1 file(s)

  • Low sulphur fuel oil for bunkers - sweet enough? PDF - 248.48 KB 3 Pages, 0 Tables, 1 Figures


This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Introduction
  • ULSFO supply profile

In this report there is 1 table or chart, including:

  • Introduction
  • ULSFO supply profile
    • Figure 1 – 2014 supply profile for ULSFO
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