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"Refining and Shipping Industries Brace for New Fuel Regulations That Could Raise Prices on Everything from Fuels to Consumer Goods -- Even Cruise Ship Tickets"

https://www.businesswire.com/news/home/20190212005135/en/Refining-Shipping-Industries-Brace-New-Fuel-Regulations

FO displaced from the GCC region may potentially flow to Saudi Arabia, where demand for FO in power generation is increasing in order to replace direct crude burning in power generation, particularly in peak months.

http://www.saudigazette.com.sa/article/558834/BUSINESS/Implications-of-IMO-sulfur-cap-regulation

https://aawsat.com/english/home/article/1580241/saudi-uae-announce-joint-entity-provide-integrated-energy-efficiency-solutions

"The new entity aims to provide integrated solutions for energy efficiency to serve the public and private sectors in the Kingdom."

Wonder where they will find those solutions for energy efficiency, ideas anyone.

Its like pulling teeth isn't it.

The company declared a Q4 2018 net loss after zakat and tax of 3.77 billion Saudi riyals ($1.01 billion), which was actually 31.7 percent lower than the 5.52 billion Saudi riyals loss in Q4 2017.

https://www.zawya.com/mena/en/markets/story/Saudi_Electricity_Companys_shares_dropped_on_Wednesday_analyst_says_Q4_earnings_were_disappointing-ZAWYA20190206111727/

Interesting approach:- https://www.man-es.com/discover/power-to-x

Interesting approach:- https://www.man-es.com/discover/power-to-x

Marine fuel is too cheap for the environmental damage that it causes and sea transport does not reflect the true cost of bringing goods to market.

http://www.seatrade-maritime.com/news/europe/shipping-s-piratical-image-belies-fantastic-record-says-paddy-rodgers.html

"BWSC power station dubbing it as “cancer factory”"

https://www.newsbook.com.mt/artikli/2019/02/06/burning-and-storing-of-heavy-fuel-oil-at-qajjenza-schiavone/?lang=en

"As demand for low-sulfur fuel oil jumps, shippers are preparing to take other measures to comply, such as converting their fuel use to liquified natural gas or equipping ships with scrubbers, a technology that cleans dirty fuel aboard the ship."

"Since demand for heavier crudes will drop as the shipping industry makes the switch, lighter and sweeter crudes will rise in value, analysts write."

https://www.chron.com/g00/business/energy/article/With-international-shipping-rule-rapidly-13597905.php?i10c.ua=1&i10c.encReferrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8%3d&i10c.dv=10

The Finnish Parliament approved a law Feb. 6 that sets a gradually increasing 30 percent biofuels target for 2030. Furthermore, the law sets a world-leading advanced biofuels target of 10 percent in 2030.

http://biodieselmagazine.com/articles/2516584/finland-sets-30-percent-biofuel-obligation-for-2030

Next Renewable Fuels Inc. and Shell Trading (US) Co. have entered a long-term purchase and sale agreement for the purchase of renewable diesel from Next’s planned Port Westward, Oregon, facility.

Just need to same commitment to Velocys.........

http://biomassmagazine.com/articles/15926/shell-trading-to-purchase-biofuel-from-next-renewable-fuels

"renown for poor/non-existent PR". Also the big salaried players like David Pummel (https://www.velocys.com/appointment-of-david-pummell-as-ceo/) who added to the economic woes rather than turn things around but hey he's still there drawing down that big salary. When I first started purchasing Velocy shares they were at 170p look how the mighty has fallen. What do they do when they need a top up to keep the doors open yep more share offers, predictable, whens the next one, cant be that far away to which I won't be subscribing I mean how can you invest in a Company so poorly managed. OK, Whinge over I'm not deramping as I'm sure the shorters have this one in there sights anyway.

Shame really the technology and potential is awesome. Post IMO 2020 distillate fuel is predicted to rocket in price. Yet no UK Biofuel plant to take advantage of that. Also all that kerosene polluting the atmosphere I mean does nobody want to breath fresh air anymore........I certainly do want cleaner fuels to be consumed, that mindset has severely dented my wallet ......Fingers crossed this new team can turn this company around - Good luck to Henrik Wareborn & Andrew Morris.

Sorry to the genuine shareholders for my rant.......

European Commission calls for ‘urgent’ changes to IMO scrubber rules

Secretary-general says exhaust gas scrubbers are ‘expected to lead to a degradation of the marine environment’.

IMO rules on exhaust gas scrubbers must be changed as soon as possible to prevent major disruption to the marine environment and shipping industry

https://www.tradewindsnews.com/casualties/1696167/european-commission-calls-for-urgent-changes-to-imo-scrubber-rules

I would think they will try and get IMO regulations changed so Open loop mode gets banned and closed loop operation will become the normal mode of operation, maybe not such a bad thing tbh.

We know that scrubbers have a waste discharge from this article we learn:-

All scrubbers create sludge that can’t be splashed into the sea. The smallest engines produce around 0.5 liters of sludge per hour in open loop mode and 15 liters in closed loop mode.

Read more here: https://www.miamiherald.com/news/business/tourism-cruises/article224596880.html#storylink=cpy

I dare say using MSAR with the complete burn out and soot elimination that discharge or sludge can be reduced further........thoughts anyone....

Of the 207 cruise ships belonging to these companies collectively, 68 percent will run on heavy fuel with scrubbers, 31 percent will run on low-sulfur fuel and one percent —just two ships —will run on liquified natural gas by Jan. 1, 2020. Even the newest company to the cruise industry, South Florida-based Virgin Voyages, which touts sustainability as one of its top priorities, is using heavy fuel with scrubbers on its first thee ships.

http://www.newsbug.info/tns/business/cruise-lines-have-a-solution-for-a-new-clean-fuel/article_be7f2ab7-d28c-5959-b7de-96346a22adcd.html

https://www.pv-tech.org/news/dewa-and-siemens-start-work-on-solar-powered-hydrogen-production-facility

No mention of waste to H2 yet.....

https://www.newsoneplace.com/2688151901/brighton-hove-hydrogen-powered-introduced

20 new hydrogen buses are set to hit the streets of Brighton and Hove

https://www.gazettelive.co.uk/news/teesside-news/hydrogen-powered-cars-coming-teesside-15785207

Hydrogen-powered cars coming to Teesside roads after success for £1.3m project
Two refuelling stations will be built in Middlesbrough and Redcar, plus a fleet of cars which use hydrogen technology, will arrive

That's the way to do it Ginger. Free bet, I'm thinking a Hydrogen future is a certainty!

GLA.

20% is too conservative. The SP was at around 30p when the Half year report RNS dropped on the 8th of January. As far as I am concerned then and now the SP drop was a severe over reaction to what wasn't bad news IMHO!

Very positive. Great news, keep it coming!

*****