Home Page Mining / Energy / Clean Tech
Renewable Marine Fuels (RMF)
“Renewable Marine Fuels (RMF)” is a tech-startup uses a proprietary and patented technology to recycle waste motor oil into low Sulphur diesel. Customers include bunker blenders for the maritime industry including power generation and construction companies. Sulphur causes various environmental impacts; thus, the International Maritime Organization is stipulating a reduction of 86% in fuel-Sulphur content by 2020. This will increase demand of such fuels and increase the market size by approximately 80% to 237bn $ by 2025. The 3rd generation commercially viable plant can be operational in 18months, and is able to refine 1,800bbl/day. 85% of low Sulphur diesel can then be sold at a discount of 10% compared to traditional refineries. Other products include 9% naphtha-gasoline-kerosene, and 5% bunker oil.
- Bunker blenders, power generating companies, military and asphalt producing companies