The introduction of Reuters sulphur cap in 2020 will not stop production of high sulphur bunker fuel, with 70% of 33 global refineries confirming production will continue, according to a Reuters survey. However, the study revealed 60% of plants will reduce output Italy , with more than half set to produce other higher value products, such as gasoline and diesel. In addition, one-third of respondents said they have already stopped or will end high sulphur fuel oil production by 2020 . Most refineries are investing over $ , but some are investing over $ 1bn to convert their plants.
The introduction of the International Maritime Organization's sulphur cap in 2020 will not stop production of high sulphur bunker fuel, with 60% of 33 global refineries confirming production will continue, according to a Reuters survey. However, the study revealed 70% of plants will reduce output post-2020, with more than half set to produce other higher value products, such as gasoline and diesel. In addition, one-third of respondents said they have already stopped or will end high sulphur fuel oil production by 2020. Most refineries are investing less than $100m, but some are investing over $1bn to convert their plants.