Effect of Sanctions Iimposed by IMO on Affect the Sulfur Market!!!

In a landmark decision, both for both environment and human health,. January 1 January 2020
has been set earmarked as the implementation date for a significant reduction in the sulfur content
(0.50% mass/massm/m) of the fuel oil used inby ships. What effect will this have on the current Formatted: Font: Italic
sulfur market? Will other environmental regulations also be affected by this?
Sulfur dioxide, SO2, is one of the major sources of global air pollution. SO2 The chemical results
from the burning of either sulfur or materials containing sulfur. Adverse health effects caused byof
exposure to high levels of SO2 sulfur dioxide include breathing problems, respiratory illness, and
many more. IMO hIMO has taooken the decision to reduce the global sulfur limit from 3.5% m/m Commented [MU1]:
to 0.50% m/m (mass/mass) by 2020. According to IMO, estimates Uup to 70,000 ships may are Commented [MU2]:
estimated to be affected by the regulation.
Commented [Bfr Chrst3]: Present the full form here.
Keywords: Sulfur content, IMO, sulfur production, regulations Commented [MU4R3]:

The recent IMOis regulations seeks to control: - Formatted: Highlight

Airborne emissions from ships;

Contribution of ships to local and global air pollution;
Human health issues and environmental problems.
The Ships use of fuel is in the main and auxiliary engines and boilers. Exemptions are provided
for situations involving the safety of the ship or saving life at sea, or if a ship or its equipment is
damaged. Ships can also meet the requirements by installing exhaust- gas cleaning systems or
scrubbers, which clean the emissions before they are released into the atmosphere.
How will this influence the production of sulfur?
Sulfur is recovered during refining operations (RES represents 90% of the sulfur produced, 60%
of which is generated from the oil & gas refinery industry), while reducing sulfur concentration
in refined products and fuel gases. Low concentration of sulfur in fuel gases is necessary to meet
existing emissions standards for process heaters, boilers, and flue gases.d flue gases. Commented [Bfr Chrst5]: What is flue gases?

Now, due to the decision taken by the IMO, the demand for low- sulfur oil will is likely to Formatted: Highlight

increase. This, in turn,s means that the amount of sulfur extracted from crude oil needs is going
to increase. Hence, the total output for of sulfur will increase globally. Companies, such as
BASF, have already started producing low- sulfur fuels which that are friendlier to the
environment.
A report by Mordor Intelligence, a market research firmA report by Mordor Intelligence, a market Formatted: Default Paragraph Font, Font: +Body
research firmA report by Mordor Intelligence, a market research firm, estimates a CAGR of 3.18% for (Calibri), 11 pt
the global sulfur market, estimated to reach a value of 73,261 kilo metric tons by 2022. Formatted: Default Paragraph Font, Font: +Body
(Calibri), 11 pt
The main hurdles for sulfur market are: sStringent environmental regulations being
imposed on sulfur content in many products; low oil prices have also been restricting the growth
for sulfur (as most of the sulfur produced globally is extracted from crude oil).
About Author: Pulkit Tyagi is working as a research associate with Mordor Intelligence, a
market research and consulting firm based in Hyderabad, India, with expertise in accurate
research and analysis.