Are You Ready For 2020?
How Should Refiners Approach The Shift In Bunker Fuel Change?
Addressing tomorrow's problem TODAY!
The October 2016 decision by the International Maritime Organisation (IMO) to implement strict sulphur emissions from 2020 will transform the shipping industry and bunker fuel markets.
The oil industry is resilient with the capability to adjust hardware and operations to meet the technical challenges of cleaner fuels. But compliance comes at a cost, what direction should you go?.
Time is short but the decision to ‘go early’ at 2020 is a great opportunity for refiners to invest for the future. The time to start is today.
Register now for our webinar which will discuss the challenges and opportunities for refiners.
In this session, our Chief Economist and expert consultants will discuss how simulation tools like KBC’s Petro-SIM™ suite of refinery modelling technology will be key to navigating this uncertain time – offering the ability to respond quickly, create new margin capture opportunities and enhance your operating flexibility.
How to Respond Quickly to the IMO 2020 Regulation
Still undecided about how your refinery or trading organisation is going to navigate the impact of the IMO 2020 global sulphur cap of 0.5 wt% for marine fuels?
The IMO regulation will transform how refining and shipping industries operate. It has left many refiners wondering what impact this will have on their profitability, and what they can realistically achieve by 2020. It's not too late to initiate a plan, but action must be taken quickly to formulate a strategy to mitigate the impact of the new regulation on refinery profitability.
Register now for the webinar to hear KBC's thinking on this subject. Stephen George, Chief Economist and Andy Roberts, Global Practice Executive will:
• Examine market access, competition and the effect on pricing and key product price relationships• Discuss the 'window of opportunity' that will exist for those that have pre-invested• Give their forecast for fuel oil consumption and refinery margin contributions• Evaluate the options: Do nothing, convert to new ULS HFO production - an 'on purpose' new product, or eliminate fuel oil production completely to reduce exposure to the changing fuel oil market• Explore some strategies under consideration by European refineries• Discuss the changes in operations and planning systems that are realistically achievable by 2020
Concerned you are running out of time to address how your refinery is going to navigate the impact of the IMO 2020 global sulphur cap for marine fuels? Address tomorrow's problem today!
Middle East refiners producing heavy sour crude will be affected by the IMO 2020 regulation. Their residue will no longer be bunker quality, therefore affecting output and profitability. Many Middle East refiners are concerned about what they can realistically achieve by 2020, but it's not too late to initiate a plan. Action must be taken quickly to formulate a strategy to implement your post-2020 solution that’s in line with new economics and market realities.
Register now for the webinar to hear KBC’s thinking on the subject that affects refineries in the Middle East. Stephen George, Chief Economist and Arjan Baks, Regional Operations Manager will:
• Examine market access, competition and the effect on pricing and key product price relationships• Give their forecast for fuel oil consumption and refinery margin contributions• Discover how you can assess whether your assets are fit for 2020 and beyond• Find out if your bottom-of-the-barrel strategy will be robust enough under a variety of pricing scenarios• Evaluate the options: Burning or upgrading your own HSFO supply, making new compliant bunker fuel• Discuss the changes in operations and planning systems that are realistically achievable by 2020
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