Imo 2020 [PDF]

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LOWER EMISSIONS PARTNER

A CLEAR VISION TO A LOWER EMISSIONS MARINE INDUSTRY WITH OUR SUITE OF SOLUTIONS

2

LIFE AFTER IMO 2020: EMISSIONS REDUCTIONS CONTINUE

In 2016, the International Maritime Organization (IMO) announced that the effective date for the reduction of marine fuel sulphur will be 2020. Under the new global cap, ships will have to use marine fuels with a sulphur content of no more than 0.50%S against the current limit of 3.50%S in an effort to reduce sulphur oxide emissions. The Emission Control Areas (ECAs) will remain at the 2015 standard of 0.10%S content. In addition, in 2018, the IMO agreed on its initial international shipping greenhouse gas (GHG) reduction strategy, setting out a vision to decarbonise shipping as soon as possible this century. This vision is supported by specific ambitions to improve the energy efficiency of new ships, reduce the carbon intensity of shipping by 40% by 2030, and make total GHG reductions of 50% by 2050 (both compared to 2008 levels). Sulphur limit pc 5.00 4.50

Source: Shell STMA

4.00 3.50 3.00

Sulphur limit pc 5.00

2.50

4.50

2.00

4.00

1.50

3.50

1.00

3.00

0.50

2.50

25

24

20

23

20

22

20

21

20

20

20

19

20

20

18

17

20

16

20

15

20

14

20 14

13

20 13

12

20 12

20

11

20

WHY IT MATTERS

20

20

10

09

08

20

20

20

1.00

07

06

1.50

20

20

05

2.00

19 20 20 20 21 20 22 20 23 20 24 20 25

18

20

17

20

20

16

20

15

20

20

20

20

11

10

20

09

08

20

20

07

20

06

20

20

05

0.50

The transition to 0.50%S will cause more changes to the global marine industry than the switch to the 0.10%S fuel in the ECAs. The impact of this transition represents approximately 75% of the global marine fuel demand when compared Residual Demand sectorgasoil (MGO) and very low sulphur Bunker toGlobal the demand of ECA.Fueloil The demand profileby of marine fuel oilDemand (VLSFO) will depend upon compatibility and availability of VLSFO, while demand for high sulphur fuel oil (HSFO) will depend upon scrubber kbd kbd penetration. In addition, fuels such as LNG and bio blends will be needed to meet the IMO’s ambition. 6,000

12,000

Global Residual Fueloil Demand by sector kbd

5,000kbd

8,000 14,000

7,000 4,000

10,000

6,000 4,000 2,000 0

12,000

6,000

3,000

10,000

5,000

2,000

8,000

4,000

1,000 3,000

6,000 4,000

1990

2,000

Bunker Demand

2000

Bunkers 0 ResComPub 1990 Industrial

2010

2020

Transport Power 2000 Generation 2010

Industrial ResComPub Transport

0 2,000 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 1,000

2030

Non-Energy Own Use

Own Use Non-Energy 2020

2030

Power Generation Bunkers

Source: Shell Trading Market Analysis (STMA)

0

Natural Gas RFO: HS RFO: LS MFO 0.5 Gasoil/Diesel (Exd Bio Diesel) 1990 1995 2000 2005 2010 2015 2020 2025 2030 Natural Gas MFO 0.5

RFO: HS RFO: LS Gasoil/Diesel (Exd Bio Diesel)

Bio Bunker

3

SHELL IS READY TO BE YOUR 2020 FUEL SUPPLIER n  It

is expected that demand for HSFO, currently three million barrels per day, will predominantly switch to 0.50%S.

n  There n  Our

will be large variability in fuel quality which can impact compatibility and handling of fuel on board vessels.

experience in creating our 0.10%S ULSFO enables us to produce compliant, fit for purpose, low-sulphur fuels.

n  We

have partnered with ship owners to trial Shell’s VLSFO, providing support during the voyage to increase understanding of compatibility and handling.

n  We

can provide handling guidelines to help our customers manage compatibility of Shell VLSFO fuel.

n  We

have a full suite of fuel solutions to help customers meet IMO 2020 requirements.

n 

LNG fuel can help ship owners and operators meet emissions regulations, as it contains virtually no sulphur, and offers reduced NOx and PM emissions. Shell LNG can also help reduce GHG emissions in shipping.

SHELL FUEL AVAILABILITY

The table below shows general specification and availability for fuel products. Please approach the corresponding account manager for more information. HSFO

AMERICAS Montreal & St Lawrence Sarnia New York Freeport Nassau New Orleans Houston Vancouver Baltimore

RME 180

RMG 380

n n n

n n n n n n n n n

n

EUROPE Rotterdam Antwerp Barcelona Piraeus Danish Strait MIDDLE EAST + SOUTHERN AFRICA Fujairah Durban Richards Bay Mauritius ASIA Singapore Hong Kong

n*

n

n n n

RMK 500

n n

RMK 700

n

n n

n

0.50%S (2020)