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China: Chimbusco readies VLSFO supplies for next three quarters

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Supplies will come mostly from PetroChina who has recently established a bunkering arm at Zhoushan port.
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China bunker supplier Chimbusco says it is ready to supply very low sulphur fuel oil (VLSFO) as bonded bunkers at all Chinese ports from the fourth quarter (Q4) of 2019 until the second quarter (Q2) of 2020, reports Reuters.

Sun Hougang, the general manager of Chimbusco, notes the company has secured a minimum of 4 million metric tonnes (mt) for supply in China during the nine-month period.

Additionally, the company has already more than 10,000 mt of bonded VLSFO in its storage tanks to date.

According to Sun, the supplies will come mostly from PetroChina who has also established a bunkering arm at Zhoushan.

Eight of PetroChina’s refineries and 10 of Sinopec’s refineries are capable of producing VLSFO; seven of PetroChina’s plants have produced a total 37,000 mt of VLSFO in a trial, he said.

Published: 24 October, 2019
 

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