The following article published by Manifold Times on 14 February was sourced from China’s domestic market through a local correspondent. An online translation service was used in the production of the current editorial piece:
The PetroChina Guangdong Petrochemical Refining and Chemical Integration Project which is currently under construction along the province’s southern coast will now add low-sulphur marine fuel oil, in addition to clean gasoline, diesel and aviation kerosene products, to its production portfolio, reported China Economic Herald in January.
The development will improve the company’s product structure and assist in China’s carbon emissions reduction strategy.
Detailed design of the project has been currently completed, and construction of four new low-sulphur marine fuel oil storage tanks are scheduled to start in late February.
The total size of China’s domestic marine fuel oil bunkering market is expected to reach nearly 80 million metric tonnes (mt) in 2025, according to reports.
However, the total domestic supply for low sulphur marine fuel oil is currently 7.65 million mt.
The PetroChina Guangdong Petrochemical Refining and Chemical Integration Project is expected to produce about 2.6 million mt of low sulphur marine fuel oil per annum for supply into the local market when in operation.
In December 2021, Manifold Times reported the Chinese State Council giving permission for bonded bunkering operations to be carried out at Guangdong province.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.