Industry News

Growing renewable and biodiesel market could offset potential rise in diesel prices 2020

By January 13, 2020 No Comments

While praised for cutting emissions and improving cetane levels, another incentive that may draw fleets to renewable and biodiesel is the potential rise in ultra-low sulfur diesel prices this year brought on by mandated maritime use.

 

The International Maritime Organization (IMO) ruled that starting on Jan. 1 vessels traveling in international waters would have to reduce sulfur emissions by over 80 percent. Increased demands on ULSD used in on-highway diesel engines are expected to put upward pressure on prices.

 

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