Session Details

IMO: From sulfur limits to carbon limits

Tuesday, March 10

11:30 am - 12:30 pm

Accommodating the recent International Maritime Organization (IMO)-mandated changes to sulfur regulations has tested the ability of both the shipping and refining industries to remodel operations on a very tight deadline, with knock-on effects impacting supply/demand balances worldwide. Just over two months into the low-sulfur bunker era, and only ten days after the carriage ban, the maritime and fuel supply industries are adjusting to this new reality. How has the transition gone so far, and what is expected this year and next? What are the key lessons from the IMO sulfur specification changes—for both refining and shipping? Once the sulfur cap is digested, shipping cannot sit still and needs to move on to its main course, decarbonization. The challenge of simultaneously meeting growing energy demand and reducing GHG emissions has created the platform for a radical energy transition. What is the route to 2050?

Session Speakers
  • Sandeep Sayal

    IHS Markit

    Vice President, Downstream Energy Research

  • John LaRese

    ExxonMobil Marine Fuels & Lubricants

    Marine Fuels Venture Advisor

  • Savvas Manousos

    Maersk Oil Trading and Investments

    Global Head of Trading

  • Horace Hobbs

    Phillips 66

    Chief Economist

  • Andrea Waldman Lockwood

    U.S. Department of Energy

    Deputy Assistant Secretary for Africa, Middle East, Europe & Eurasia, Office of International Affairs

  • Jack Grogan

    Veritas Petroleum Services (VPS)

    Senior Sales Manager, Houston