Refiners need to be incentivized more to meet VLSFO demand for IMO 2020: FGE

Refiners worldwide need to be incentivized further to produce enough very low sulfur fuel oils (VLSFO) to meet the entire HSFO demand set to be displaced by the International Maritime Organization’s global sulfur mandate for marine fuels, said Sri Paravaikkarasu, director for Asia oil at Facts Global Energy.

“Some refiners have already started producing 0.5% sulfur fuels from early this year but most of them producing this have managed to do so without…

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