On Wednesday, May 5, Sinopec announced the production capability of 10 million and 15 million tons of low-sulphur marine fuel oil in 2020 and 2023. By 2020, Zhoushan and other China major ports will be fully covered with Sinopec product availability, and more than 50 key overseas ports, including Singapore, will be covered with Sinopec supply ability.
As Sinopec highlighted during its press conference, the goal will contribute to 600,000 tonnes of sulphur oxide emissions reduction, equivalent to shutting down over 64 million National IV Standard trucks for a year.
In addition, during 2017, Sinopec started a project in production research and development of the greener low-sulphur marine fuel; As a result, 10 Sinopec refineris in coastal cities are producing low-sulphur marine fuel oil. Shanghai, Jinling and Hainan, locations of some of the 10 refineries, have successively produced the IMO compliant marine fuel earlier this year.
Even before January 2020, major Chinese ports will be covered with Sinopec’s features, as regulatory compliance, sustainable availability, and environmental concern. Simultaneously, the supply chain will reach Singapore, Hambantota, ARA areas and up to 50 key overseas ports around the globe.
Mr.Lv Dapeng, Sinopec’s spokesman, commented
The production and supply of low-sulphur marine fuel oil is a green initiative that benefits the whole world and requires concerted global action.
As Sinopec is the largest oil refining company, it has the ability of large-scale production of low-sulphur marine fuel oil and is committed to the prevention and reduction of marine and air pollution in China and the world.