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PetroChina Guangdong project to add 2.6 million mt of low sulphur marine fuel capacity

14 Feb 2022

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.

RelatedEmergence of China’s marine fuels industry challenges Singapore’s dominant position
RelatedChinese government issues bonded bunkering permission at Guangzhou port

 

Photo credit: Dimitry Anikin on Unsplash
Published: 14 February, 2022

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