IMPORTED FURNANCE OIL (IFO)
Imported Furnace Oil (IFO) refers to furnace oil that is imported from other countries to meet domestic demand. Here’s an overview:
Characteristics:
1. Density: 0.95-1.04 g/cm³
2. Viscosity: 150-400 mm²/s (at 50°C)
3. Sulphur content: 1-3.5% (max)
4. Flash point: 66-93°C
5. Cetane number: 30-40
Types:
1. High Sulphur Furnace Oil (HSFO)
2. Low Sulphur Furnace Oil (LSFO)
3. Ultra Low Sulphur Furnace Oil (ULSFO)
Import sources:
1. Middle East (Saudi Arabia, Kuwait, UAE)
2. Asia (Singapore, China, India)
3. Europe (Russia, Netherlands, UK)
4. Americas (USA, Canada, Venezuela)
Uses:
1. Power generation (thermal power plants)
2. Industrial furnaces (cement, steel, chemicals)
3. Marine vessels (bunker fuel)
4. Boilers (steam generation)
5. Space heating (large buildings, industrial facilities)
Benefits:
1. Meets domestic demand during supply shortages
2. Competitive pricing
3. Consistent quality
Challenges:
1. Fluctuating global prices
2. Currency exchange rate risks
3. Logistics and transportation costs
4. Quality variability
Specifications:
IFO meets various international standards, including:
1. ASTM D396 (USA)
2. EN 589 (Europe)
3. IS 1593 (India)
Comparison with domestic furnace oil:
1. Price: Imported oil may be cheaper or more expensive than domestic oil
2. Quality: Imported oil may have different specifications than domestic oil
3. Availability: Imported oil can ensure steady supply during domestic shortages
Environmental impact:
IFO contributes to:
1. Air pollution (particulate matter, SOx, NOx)
2. Climate change (CO2 emissions)
3. Water pollution (oil spills)
Industry trends:
1. Increasing demand for cleaner fuels
2. Shift towards renewable energy sources
3. Advancements in furnace oil production technologies