I agree with DPE and others, also 2 points, Point 1 It isn't difficult to produce LSFuel, it's already with us, (so also is the NOx) that comes with it, and although they make a point of stating it will be cheaper......er......how much cheaper??, if it was easy, it would already be with us, so, will it be as cheap as HFO?......er......no!......they have to get back a considerable amount....a staggering $50 billion.....so, maybe $10-$20 a ton, which I admit adds up over time, but maybe not as… Read More
Yes I can confirm that this subject was posted a couple of weeks back on the forum under potential competition. The consensus seemed to be that this was a huge required investment for what seems to be development as opposed to roll out. Their product isn't developed yet let alone tested, so guess it would be many years down the line, and with such a huge investment costs, how long for payback?
Meanwhile hopefully MSAR will be on sale worldwide for a number of years before they… Read More
Genoil Inc. (Genoil) today announced that it has signed a memorandum of understanding (MoU) with the Bomin Group (Bomin) for the development of low sulfur fuel products in preparation for the implementation of the 0.50 percent global sulfur cap on marine fuel in 2020.
"With the 2020 global sulphur cap now confirmed, we are delighted to explore this potential partnership with Bomin Group, and test the market opportunity for 0.5 percent low sulphur fuel oil," said Bruce Abbott… Read More
Yes my optimism is bolstered by the fact that there are very few choices in the running post 2020, and realistically from someone who has been at the sharp end for so many years, it's long overdue for the maritime industry to clean up their act.
On a slightly pessimistic side I would have liked to hear feedback from the last QFI AGM of a more optimistic stance regarding Maersks uptake post LONO instead of the reported " it's up to Maersk"
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