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Our lovely sweet light crude is a highly desirable premium product that is EXPENSIVE compared to the sludge they put in ships.
I don't think our oil is going into ships any time soon.
A lot of ships are insatalling sulphur scrubbers so they can still use the bad stuff and comply with emissions. Others will have to use low sulphur fuel.
I did have some shares is in Quadrise fuels(and sold at a loss) who have been developing a process to add water to heavy fuel residue with a chemical additive (which is low sulphur) and which gives around a 20% cost saving.
It's all about cost saving in the marine fuel industry.
Also....cogs 12:57 post.....is how the industry is now....not necessarily how it will be in the future.
Big Steve's cheap to extract B12 light sweet, fits right in with new emissions...and if there's plenty of it....which we all think there is......that is a possible source for the new stricter parameters set for marine use in international waters, from January 2020.
This refinery could be a major fuel stop for shipping even.
Looking good.
Good read R8.
So...light = good....as needs less refining.
Sweet = low sulfur , in the first place....so ...good.
Our oil, should you want to, looks like it could be used with little refining, for marine use.
I also read ,somewhere ,about about blending.
So if Georgia has heavy oil, or heavy oil in pipelines, ....refinery could be blending our oil in with another producers heavy oil, to get desired low sulfur product.
Basically....even though I know F'all as usual, .....it seems like Block 12 has exactly what the Marine industry needs from January 2020 onwards.
Yayyyy !!!
Come on Zaza ......get it done.
So maybe it'll be a sulphur removal plant for marine fuels?
Quite, but the article says it is specifically a refinery for marine fuel. I don't think that means they will be taking in sweet light crude as the raw ingredient(otherwise it is simply a normal oil refinery and they would mainly be making petrol, diesel, with the left overs being the marine fuel as is the case in standard oil refineries)
Marine fuel oil (heavy oil) is what's left after crude oil is distilled to remove the lighter oils contained within it i.e. petrol, diesel, kerosene, lubricating oil etc. Depending on where the crude came from, it may contain organic sulphur compounds. Seems that these compounds will need to be removed starting next year.
http://www.gard.no/web/updates/content/20734083/low-sulphur-fuels-explained
As SteveV said.....Light sweet crude refined to make low sulfur marine fuel ? Anyone ?
I've tried googling....but getting nowhere. Plus...." domestic market".......could mean anything....from heating fuels..to..cars.
Big change coming in 2020 Steve. 95% of the worlds cargo travels by ship so prices of almost everything will go up.
What is IMO 2020? The International Maritime Organisation (IMO) has ruled that from 1 January 2020, marine sector emissions in international waters be slashed. The marine sector will have to reduce sulphur emissions by over 80% by switching to lower sulphur fuels.
Marine fuel oil. Thay's heavy oil isn't it? Ours is light oil. Better quality but not used in ships.
No doubt alot is going on out there. Let's hope we are invited to the party .
https://www.cbw.ge/economy/oil-refinery-factory-to-be-built-in-georgia