As a transportation fuel, diesel fuel offers a wide range of performance, efficiency, and safety features. Diesel fuel also has a greater energy density than other liquid fuels, so it provides more useful energy per unit of volume.
A recent study by the Freedonia Group states, “For a significant percentage of the public, diesel engines are seen as crude, outdated, and toxic. Throughout the world, consumers effectively voiced their disapproval by buying fewer diesel passenger cars, precipitating a sharp sales drop in this category. What is lost on most of the consumers, however, is just how critical diesel engines are to global transport and industrial infrastructure, and how these versatile machines affect our daily lives. Consumers in developed nations want faster package delivery, smoother roads, larger buildings, and cheaper groceries – but they give little thought to how these objectives are accomplished. Regardless of how you might feel about diesel engines, they’re here to stay, at least for the foreseeable future.”
Diesel fuel remains one of the most widely used sources of energy and a critical component of economies and industries all over the world. Segments where diesel plays a key role include:
Agriculture is the main source of national income for most developing countries and essential to the world’s food security. Agriculture accounts for 20% of global GDP and oil and petroleum products 55% to the total energy consumption by agriculture.
The mining sector is pivotal to the world’s economy and drives more than 45% of the global GDP. Diesel fuel accounts for up to 34% of the global mining industry’s fuel needs.
In addition to producing structures that add to productivity and quality of life, the construction sector plays a powerful role in economic growth. Diesel contributes more than 35% of the operational costs of construction equipment.
Diesel engine generators are used by many industrial facilities, large buildings, institutional facilities, hospitals, and electric utilities have diesel generators for backup and emergency power supply. The diesel generator market is estimated to be worth USD 30.81 billion by 2028, registering a CAGR of 8.70%.
Clearly, diesel will continue to be an important commodity in global economies for the short- to medium-term.
Ressource Solutions has made it their purpose to develop world-class hydrocarbon management systems that are both cost-effective and user-friendly. As an OEM Ressource Solutions markets its unique fuel management solutions under the PetroMan® brand, providing meticulous, real-time, measuring, and reporting that allows clients to intricately control hydrocarbon quality and usage. Ressource Solutions continually develops and implements robust and up-to-date hardware and software platforms and has supplied FMS solutions to the mining sector, across Africa, since the 1990s.
For world-class asset optimization solutions visit www.ressource.mu