West African oil is close to becoming a cleaner fuel on the market. African states such as Chad and Cameroon are preparing to be major promoters of regulating the sulphur emissions of ships by providing the right type of oil for the production of cleaner fuels.
Only about 1% of the world's exports are of "heavy and sweet" varieties, a type of petroleum ideal for refining in fuel with a maximum sulphur content of 0.5% mandatory, according to the International Maritime Organization (IMO) standards, That will enter into force around the world as of January 1, 2020.
The purpose of the new regulation is to restrict the limits of sulphur levels from current 3.5% to 0.5% in order to reduce air pollution, to improve human health and to preserve the environment.
"The new environmental regulation starts in January, but the preparation has already begun. Refiners need to prepare their supply streams and learn how to better prepare for a low-sulphur future, "said Josh Lowell, senior energy analyst at the market research company ClipperData.
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