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)...