The company started the research and development of low sulphur marine heavy fuel oil in 2017 and successfully produced the low sulphur marine heavy fuel oil product at the end of 2019 in time for IMO 2020 coming into force.
The production of low sulphur marine heavy fuel oil will support the company to gain market share in global marine fuel oil sector, said the company.
Sinopec, China’s largest oil refining company, officially announced the low-sulphur marine fuel oil plan in June 2019, and will have the production capacity of 10m and 15m tons by 2020 and 2023 respectively.
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