Bunker Fuel is derived from the Dregs of Refining and is as Black and Viscous as Molasses

 

Bunker Fuel 

Bunker Fuel is intended for use by the shipping sector to refuel its ships. In the marine sector, fuel oil is generally utilised as a bunker oil. Distillates and residual fuel oils are the two types of bunker fuel. Bunker fuel, in general, refers to any fuel that is burned in a boiler or furnace to provide power for an engine.

Bunker Fuel demand is being driven by increased hydrocarbon resource development operations in offshore locations. Offshore and onshore reserves have expanded as a result of increasing exploration operations and the creation of new hydrocarbon deposits. Furthermore, the expansion of oil and gas development operations in deep offshore locations is expected to boost bunker fuel growth.

Over the projected period, rising bunker oil output for the maritime sector is likely to provide significant market opportunities. Sinopec, for example, stated in March 2020 that its Guangzhou refinery has begun producing very low sulphur fuel oil (VLSFO) for the maritime sector. As a result, expanding bunker fuel output to meet rising demand throughout the world is expected to favour market expansion in the foreseeable future.

In the near future, the growing number of naval fleets in nations like as China, Brazil, Russia, and the United States is projected to open up new market prospects. Demand for bunker fuel is likely to rise as more people use it for refilling while sailing. Moreover, the growing demand for tanker vessels for trading liquid materials around the globe is further projected to propel the market growth of the bunker fuel.

Cargo ships are a major source of air pollution across the world, and their fuel oil is substantially to blame. "Bunker" fuel is created from the dregs of the refining process and is pitch black and viscous as molasses. It's also high in sulphur, a chemical that, when burned, emits unpleasant vapours and fine particles that are harmful to human health and the environment, particularly in heavily travelled areas.

"There are a number of neighbourhoods who live on the ship channel's edge," said Grace Tee Lewis of the Environmental Defense Fund, who is researching the public health implications of Houston's ship pollution. In order to reduce air pollution in Houston, boats must convert to low-sulfur fuels, "but we also know that emissions from ships may reach hundreds of miles inland."

Explore more- https://www.businesswire.com/news/home/20210414005564/en

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