Sinopec announces 15m ton low-sulphur marine fuel oil production for IMO 2020

Sinopec, China’s largest oil refining company, officially announced the low-sulphur the global marine fuel oil plan and will have the production capacity of 10m and 15m tons by 2020 and 2023 respectively. 

Sinopec also committed to building the sales and supply network of low-sulphur marine fuel oil. Zhoushan and other China major ports will be fully covered with Sinopec production by 1 January 2020, and over 50 major overseas ports will be covered with Sinopec supply.

Sinopec launched a project in production research and development of the greener low-sulphur marine fuel oil in 2017. Ten Sinopec refineries located in coastal cities have been projected to produce low-sulphur marine fuel oil. Among the ten locations, Shanghai, Jinling and Hainan have successively produced the IMO compliant marine fuel earlier this year.

Read more: IMO 2020 – Chevron plans to offer 0.5% sulphur fuels in Q3 2019

Liu Zurong, the executive director and party secretary of Sinopec Fuel Oil Sales Co., Ltd, said that Sinopec Fuel Oil is the professional business arm with expertise in the global marine fuel business of Sinopec. A well-established business network that covers China's coastal ports has been set up. Meanwhile, the supply capacity of up to 40 major ports abroad has been developed.

In 2013, Sinopec allocated RMB20.9bn into the Clean Water and Blue Sky protection campaign for environment protection and emission reduction.

 

Posted 07 June 2019

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Katherine Si

China Correspondent

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