UAE’s Fujairah oil hub starts to offer cleaner marine fuels ahead of new rules

Fujairah is among the world’s largest bunkering hubs. (File/AFP)
Updated 27 February 2019

UAE’s Fujairah oil hub starts to offer cleaner marine fuels ahead of new rules

  • Marine fuels with a maximum 0.5 percent sulfur content are “available in Fujairah as early as February 2019 onwards”
  • The IMO) will prohibit ships from using fuels with sulfur content above 0.5 percent from Jan. 1, 2020

SINGAPORE: The port of Fujairah in the UAE has begun offering cleaner marine fuel oils that comply with stricter global emissions rules which come into effect at the start of 2020, a port document showed.
Marine fuels, also known as bunkers, with a maximum 0.5 percent sulfur content are “available in Fujairah as early as February 2019 onwards,” said a notice to mariners posted on the Port of Fujairah’s website.
Fujairah is among the world’s largest bunkering hubs.
The International Maritime Organization (IMO) will prohibit ships from using fuels with sulfur content above 0.5 percent from Jan. 1, 2020, compared with 3.5 percent today.
To comply with IMO 2020 rules, shippers can switch to burning cleaner but more expensive oil, invest in exhaust cleaning systems known as scrubbers that may allow them to still use cheaper high-sulfur fuels, or redesign vessels to run on alternatives like liquefied natural gas (LNG).
In January, Fujairah port authorities announced they would ban open-loop scrubbers, mirroring a similar moves in Singapore — the world top bunkering hub — and China.


Global renewable power capacity to rise by 50% in five years

Updated 46 min 30 sec ago

Global renewable power capacity to rise by 50% in five years

  • Solar PV will account for nearly 60 percent of this growth and onshore wind 25 percent
  • Falling technology costs and more effective government policies have helped to drive the higher forecasts for renewable capacity deployment

LONDON: Global renewable energy capacity is set to rise by 50 percent in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Agency (IEA).
Total renewable-based power capacity will rise by 1.2 terawatts (TW) by 2024 from 2.5 TW last year, equivalent to the total installed current power capacity of the United States.
Solar PV will account for nearly 60 percent of this growth and onshore wind 25 percent, the IEA’s annual report on global renewables showed.
The share of renewables in power generation is expected to rise to 30 percent in 2024 from 26 percent today.
Falling technology costs and more effective government policies have helped to drive the higher forecasts for renewable capacity deployment since last year’s report, the IEA said.
“Renewables are already the world’s second largest source of electricity, but their deployment still needs to accelerate if we are to achieve long-term climate, air quality and energy access goals,” said Fatih Birol, the IEA’s executive director.
“As costs continue to fall, we have a growing incentive to ramp up the deployment of solar PV,” he added.
The cost of generating electricity from distributed solar PV (PV systems on homes, commercial buildings and industry) is already below retail electricity prices in most countries.
Solar PV generation costs are expected to decline a further 15 percent to 35 percent by 2024, making the technology more attractive for adoption, the IEA said.
However, policy and tariff reforms are needed to ensure solar PV growth is sustainable and avoid disruption to electricity markets and higher energy costs, the report said.