International Maritime Organization legislation looks to lower emissions from ships to 0.5% from 3.5% by 2020
A push for cleaner fuels in the world’s maritime industry could drastically change the appetite of the world’s refineries, and the producers of heavy crude oil. By 2020, ships around the world will have to cut their sulfur emissions to 0.5% from 3.5% currently, based on new standards being adopted by the International Maritime Organization.

Currently, the world’s 90,000 shipping vessels use about 5 MMBOPD of petroleum products, and ...

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