BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Industry > article

Hyundai Oilbank ready for production of very low sulfur fuel oil for ships

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : November 29, 2019, 11:07 | Updated : November 29, 2019, 11:07
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of Hyundai Oilbank]

SEOUL -- To cope with new rules imposed by a U.N. maritime safety agency, Hyundai Oilbank, a refinery arm of South Korea's Hyundai shipbuilding group, has successfully tested the test operation of facilities to produce very low sulfur fuel oil (VLSFO) by using new technologies to completely eliminate asphaltenes which reduce the fuel efficiency of ship by clogging filters and pipes.

Asphaltenes are molecular substances found in crude oil and consist primarily of carbon, hydrogen, nitrogen, oxygen, and sulfur. Under new rules imposed by the International Maritime Organization (IMO), the amount of sulfur emanating from ships should be reduced from 3.5 percent to 0.5 percent from January 1, 2020. Conventional heavy fuel oil contains 3.5 percent sulfur, meaning ship owners must either buy expensive low sulfur fuel or install an exhaust gas cleaning system.

"We have continuously developed core source technologies in preparation for strengthened environmental regulations," a Hyundai Oilbank said. "We will actively respond to changes in the market by securing a large amount of supplies for long-term contracts for very low sulfur fuel oil for ships through our advanced technology."

By combining various oils extensively, Hyundai Oilbank can actively and flexibly cope with rising demands for ultra-low sulfur oil. The refiner has also minimized investment costs by utilizing existing facilities and can choose between existing modes and VLSFO production modes in line with market demand.

With rising fuel prices and increasing pressure to make ships greener, shipping companies are now implementing promising technologies that can reduce the levels of sulfur oxides (SOx) and save fuel at the same time.

SOx can cause premature mortality, heart attack, lung disease, asthma and other respiratory symptoms. Ships can reduce the levels of SOx emissions by installing an exhaust gas cleaning system such as SOx scrubbers. The scrubber technology works by passing the dirty exhaust gas stream created by the engine through chambers that contain a carefully generated "scrubbing cloud" of water. But scrubbers and selective catalytic reduction (SCR) units increase the cost of both building and operating ships.

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Daewoo shipyard partners with U.S. classification society for joint development of decarbonization technology.
    Daewoo shipyard partners with U.S. classification society fo…
  • .Samsung shipyard wins $920 mln order from Taiwans Evergreen to build six large container ships.
    Samsung shipyard wins $920 mln order from Taiwan's Evergreen…
  • .SK Energy to issue green bonds worth $251 mln for desulfurization facility .
    SK Energy to issue green bonds worth $251 mln for desulfuriz…
  • .Hyundai shipyard subsidiary partners with Inmarsat to provide digital solutions.
    Hyundai shipyard subsidiary partners with Inmarsat to provid…
  • .Daewoo shipyard delivers first LNG carrier installed with air lubrication system.
    Daewoo shipyard delivers first LNG carrier installed with ai…

Real Time Photo News

  • .Rapper DinDin thanks former 2NE1 member Sandara for G-Dragons limited edition shoes .

    Rapper DinDin thanks former 2NE1 member Sandara for G-Dragon's limited edition shoes

  • .Singer Ailee drops winter-themed ballad song Sweater.

    Singer Ailee drops winter-themed ballad song 'Sweater'

  • .​LINE character brand collaborates with Netflix to create original animation series.

    ​LINE character brand collaborates with Netflix to create original animation series

  • .Singer Baek Yerin becomes first S. Korean artist to top song charts with English song.

    Singer Baek Yerin becomes first S. Korean artist to top song charts with English song

  • .[FOCUS] Transparency in compiling music charts becomes hot topic in music community.

    [FOCUS] Transparency in compiling music charts becomes hot topic in music community

Latest News

more+

  • Posco Chemical signs investment agreement to build production facilities for synthetic graphite cath…
  • Top delivery service apps join force to make foray into Southeast Asia
  • Rapper DinDin thanks former 2NE1 member Sandara for G-Dragon's limited edition shoes
  • Singer Ailee drops winter-themed ballad song 'Sweater'
  • Daewoo shipyard wins order from Chevron to build offshore oil production plant
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view