Around 70m barrels of hydrocarbons are lost yearly due to evaporation of volatile organic compounds (VOCs) during loading, storage and transportation of crude oil on ships, representing a value of $3bn to $3.5bn.
VOCs are a large group of organic compounds. Several light hydrocarbons, such as methane, ethane and propane, are VOCs. Due to high vapor pressure, VOCs can easily evaporate. To the oil industry, evaporation of hydrocarbons equals economic loss.
A study by Bhatia and Dinwoodie, University of Plymouth, UK, revealed that for a standard ship such as an aframax tanker, the economic loss during a single voyage with a full tank amounts to more than $40,000.
In their article, Bhatia and Dinwoodie undertook the task of calculating empirical losses in North Sea operations and investigating technical factors influencing these losses.
“Historically low crude oil prices generated little interest in losses under 0.5 %, but today oil majors host loss control departments investigating how the tonnage employed, type of crude, varying load and discharge ports and evaporation during cargo operations affect losses,” Bhatia and Dinwoodie stated.
As a consequence of this and other studies, countries and organizations would begin initiating VOC emission control regimes. One frontrunner country is Norway, where studies show that shuttle tankers operating on the Norwegian continental shelf and entering Norwegian ports represent a large portion of Norway’s national emissions. Therefore, a national scheme was introduced, requiring such tankers to undertake the innovation of valve design emission reduction measures. Several other countries have since adapted similar schemes.
The International Maritime Organization (IMO) has established itself as the main forum for the long-term reduction of adverse environmental effects from the shipping industry, with VOC as one of several areas of concern.
