Home > Boards > US OTC > Oil/Gas/Natural Energy Production > MMEX Resources Corp. (MMEX)

The use of bunker/HFO has been on the

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
jmjjw Member Profile
 
Followed By 25
Posts 3,769
Boards Moderated 0
Alias Born 10/18/17
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 11/7/2019 9:59:09 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 11/6/2019 5:36:11 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 11/6/2019 5:35:07 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 10/31/2019 4:44:48 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/11/2019 3:19:09 PM
Withdrawal of Registration Statement (rw) Edgar (US Regulatory) - 10/10/2019 11:53:19 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 9/16/2019 6:07:07 AM
Information Statement - All Other (definitive) (def 14c) Edgar (US Regulatory) - 8/19/2019 7:51:38 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/8/2019 9:27:25 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/8/2019 9:26:10 AM
Proxy Statement - Other Information (preliminary) (pre 14c) Edgar (US Regulatory) - 8/6/2019 11:55:32 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 8/2/2019 6:03:55 AM
Annual Report (10-k) Edgar (US Regulatory) - 7/26/2019 5:21:23 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/21/2019 4:00:57 PM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 6/18/2019 4:05:58 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/10/2019 4:20:13 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/25/2019 5:03:40 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/14/2019 11:10:59 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/5/2019 5:02:21 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/28/2019 4:32:18 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/14/2019 5:22:09 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 12/14/2018 11:04:49 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/13/2018 12:22:09 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/13/2018 12:19:12 PM
Securities Registration Statement (simplified Form) (s-3) Edgar (US Regulatory) - 12/11/2018 4:46:24 PM
jmjjw   Tuesday, 10/08/19 12:22:54 PM
Re: 56Chevy post# 118713
Post # of 118899 
The use of bunker/HFO has been on the decline since 2013, ahead of IMO 2020. Resid, and related fractions have historically been the only portions of the process stream with lower value than crude itself.

One of the elements of MMEX-scam is the lack of hydro-treating and desulfurization capability - these components would be required even for the sweetest WTI or WTI-light feedstocks. It is one of the elements that makes it easy to torpedo Mad J.’s claims that MMEX-scam has a market opportunity for IMO 2020 marine fuels. Anyone targeting IMO 2020 opportunity needs:

a) the capability to produce low-sulphur HFO
b) the capability to produce fuel-quality distillate (diesel)
c) a channel to the market, which can’t be met by an inland refiner

For downstream entities like BDCO, their might be an opportunity, given the capability to meet ‘b’ and ‘c’ - proximity to the coastal bend, and a product that can be pipelined. For MMEX-scam, none of those criteria are met.

For marine vessels still burning HFO, without any retrofit, the vessels will ultimately be scrapped - that is maybe a net positive for marine construction/fabrication. For more valuable, contemporary vessels, that are either dual-fuel (HFO/bunker or distillate) or that have scrubbers installed, there’s less impact. Running on distillate is three to six times more expensive per vessel mile/ton, so the net cost increase is likely reflected in COGS, and passed on to the consumer/purchaser - the transporter won’t absorb it.

Refiners in general have already shifted production from HFO, channeling that part of the stream via cracking to higher-value products (away from fuels). Coke and asphalts still have some value, and continue to be channels to generate some revenue on what would otherwise be waste. The coastal refiners figured this out long ago, and have flex in their distillate production to absorb all of IMO 2020 shift in demand.

Quote:
What, if any, are your thoughts on the upcoming IMO 2020 rule and the impact it could have on the economy but more specifically refinerys in general?




When you are dead, you don't know that you are dead. It is difficult only for others. It is the same when you are stupid.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist