China: Chimbusco Shanghai and PetroChina SIPG Energy to promote bunker fuel blending business
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by Admin
Editor’s note [18 June, 20205]: The article was updated to correctly reflect company names.
A meeting between representatives of Shanghai Chimbusco Marine Bunker Co., Ltd. (Chimbusco Shanghai), SIPG Energy Shanghai, PetroChina SIPG Energy, and Hongkou Customs took place at the Shanghai Customs Inspection Office on Thursday (12 June).
According to Chimbusco Shanghai, the meeting’s objective was to discuss the implementation of a high-sulfur and low-sulfur fuel blending business at Shanghai.
During the meeting, a member of the Shanghai Customs Inspection Office stated it will take the opportunity of PetroChina SIPG Energy to carry out this business to promote the development of enterprises in Hongkou District.
The development will improve the utilisation rate of Chimbusco Shanghai bonded storage tanks, improve storage functions, and help improve Shanghai Port’s bonded ship fuel supply industry.
After the meeting, PetroChina SIPG Energy submitted a formal application to Hongkou Customs.
Moving forward, Hongkou Customs will formulate a reconciliation plan, open a special account book, and promote the implementation of this business.
Photo credit: Chimbusco Shanghai
Published: 17 June 2025
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