Hart Study: Refiners with Low Sulfur Capabilities Likely to Fare Better over the Coming Decade

“The nectarine, and curious peach, / Into my hands themselves do reach; / Stumbling on melons, as I pass, / Ensnared with flowers, I fall on grass.” -- Andrew Marvell (English Poet, Politician and Satirist. 1621-1678)

News that can affect the direction of desulfurization research comes from many sources, including press releases like the following …

“HOUSTON, TEXAS (Jan. 12, 2010) – Low sulfur diesel and gasoline are likely to spearhead an economic recovery for the refining industry just beyond 2010, a study from Hart Energy Consulting shows.
"Strong global GDP growth (2.7%) in 2010 should buttress refined petroleum product demand, especially in the Asia Pacific region and other emerging markets. Over the next decade, global demand will grow by 1.7% annually and Asia Pacific will account for nearly half that increase. Worldwide environmental initiatives will spur even higher growth in lower sulfur products. Demand for low sulfur gasoline and diesel will increase by nearly 17 million barrels per day by 2020 (more than 70% increase). The oversupply situation in gasoline will be offset by a tight demand/supply balance for clean diesel.
"The full study covers petroleum product demand and supply, country specific and global crude and NGL production, as well as a thorough analysis of the impact of environmental regulation and public policy requirements. This year Hart Energy Consulting added a special review of the impact of current issues such as:
"o Developing climate policies on vehicle fleet and fuel quality and demand
"o Economic subsidies on supply & demand of renewable and low-carbon fuel
"o A short-term economic recovery: crude oil prices forecast, GDP forecast, vehicle
ownership projections, petroleum demand…”
source: http://www.hartenergy.com/pr/20100112_WRFS.pdf

Contact:
Terry Higgins (thiggins@hartenergy.com), executive director, Global Refining

I stumbled on the press release on a routine visit to the Hart Energy site, one of the sites among my bookmarks. Hart offers a number of interesting products … consider adding its Web to your bookmarks, as well.