 Home > Chemicals Industry > International Chemical > The global LNG industry is expected to reach 5.14 billion U.S. dollars in 2027

The global LNG industry is expected to reach 5.14 billion U.S. dollars in 2027

 Last Update: 2021-08-27
 Source: Internet
 Author: User

Tags

rate herbicide

vitamin upper limit

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

According to a report from Business Wire on August 9, the global LNG fuel market was valued at US$380 million in 2019, and is expected to reach US$5.
14 billion by 2027, with a compound annual growth rate of 45.
2% from 2020 to 2027.
Rate growth
.

In 2015, the global shipping industry faced major restrictions imposed by the International Maritime Organization (IMO) legislation, that is, the issue of ship fuel sulfur emissions, first in North America and then in Northern Europe
.

Liquefied natural gas is a potential solution to meet these requirements because its sulfur content is negligible, and its combustion produces lower NOx than fuel oil and marine diesel

The upper limit of sulphur content in marine fuels set by the International Maritime Organization is 0.
50% m/m.
The increase in maritime trade and the lower cost of LNG marine fuels than ECA-compliant fuels have promoted the growth of the global LNG bunkering market
.

However, the supply and demand gap of LNG fuel is expected to expand with the implementation of IMO regulations

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Lower APHA color cyclohexanone with high purity

CAS No.: 108-94-1

Industrial Grade

$800-900/MT FOB

Factory Supply BENZOPHENONE-12 / UV Absorber 5311843-05-6

CAS No.: 1843-05-6

Industrial Grade

$2-2.5/KG FOB

Octocrilene Manufacturer/High quality/Best price/In stock

CAS No.: 6197-30-4

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

announcements today(81)

80 20 company(94)

united states logo(227)

single use technology(195)

healthy food name(42)

ups united states(221)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.