• FUEL OIL: Mexico’s state-owned electric utility (CFE) is ready to increase the amount of heavy fuel oil it buys from from sister company Pemex, the state-run oil conglomerate, once it’s price lowers in 2020 after the implementation of a new global rule and despite it’s high environmental impact.
• NEW YEAR: Even before the expected collapse in heavy fuel oil’s price after the International Maritime Organization (IMO) implements a new low-sulfur fuel requirement for ships in 2020, CFE has already said it will increase electricity production from heavy fuel oil in Baja California state.
• CHEAP: “If (Pemex) sells it to us cheaply we are going to use it. Like other (companies) we also work based on the cost of the kilowatt hour price we offer to the market… Whoever offers the lowest price (for electricity) is the one who is first, right?”, said Héctor López Villarreal, an official at CFE.
• NOT RATIFIED: Mexico is one of the countries that have not ratified Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL), one of the most important international marine environmental conventions aimed at reducing sulphur oxide produced by ships.
