The combination of these options provide the refinery with the opportunity to reduce fuel oil production by 5.3%. Based on the IMO 2020 price set, their margin would increase by $0.74/bbl or $52 million per year. Additionally, there were several profitable Capex options with the most attractive providing $14 million per year on a pay-out time of two years.
fuel oil production
$52m per year
$US 14m p/a
on a pay-out time of two years.
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