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IMO 2000 impact: Refinery margins can go up 15 to 40%
Aug 30: How will International Maritime Organization's (IMO's) lower sulfur content mandate -- of 0.5% in marine fuels, down from 3.5% currently, with effect from January 2020 -- impact Indian refineries?
8Clearly, the general belief is that IMO 2020 would result in better refining margins due to increased demand of diesel.
8But then cracks on other refinery products will change
8It is early days yet, but one set projections shows that Indian refiners are set to gain from this development, and EBITA can go up anywhere from 15 to a massive 44% for a standalone refinery like MRPL
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