Tag: Sinopec

NYK has concluded a long-term time-charter contract for LNG transportation with China Petroleum & Chemical Corporation (SINOPEC), a public energy company in China.

QatarEnergy has announced the signing of a partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field South (NFS) expansion project.

According to Reuters, Sinopec Corp's refinery and petrochemical complex in Tianjin will shut down for two months, starting in early May, for a regular revamp with the aim to cut its crude throughput by about 2 million tonnes this year.

Sinopec plans to create a fleet of 100 barges over the next three years aiming to supply IMO 2020 compliant marine fuel. If that happens, Sinopec would become a top regional supplier of very low sulphur fuel oil (VLSFO).

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.

Sinopec’s subsidiary refinery in Singapore's province of Hainan delivered its first shipment of low-sulphur bunker fuel, complying withe upcoming IMO 2020 sulphur cap regulation. Namely, a ship with 2,200 tonnes of low-sulphur fuel departed the Hainan refinery in late February heading to Ningbo on the east coast. The fuel will be put to pilot use at a maritime institution in Shanghai.

Sinopec’s Shanghai refinery produced its first set of low-sulphur bunker fuel, amounting a total of 6,000 tonnes. The Shanghai refinery now became the first in China to produce low sulphur fuel oil, in order to comply with upcoming IMO rules. MEPC 72 adopted an initial strategy, which envisages, for the first time, a reduction in total GHG emissions from shipping which should peak as soon as possible and to reduce the total annual GHG emissions by at least 50% by 2050 compared to 2008.

The two-year old LNG carrier 'CESI Gladstone' will resume it route to China within this week, after it suffered loss of propulsion while underway from Australia on 22 June. The ship had just loaded a cargo at the Australia Pacific LNG plant, when it sustained a main engine outage resulting in a loss of propulsion,

"Cesi Wenzhou" is the fifth of six LNG ships in the Australian Pacific LNG project. The vessel will be 290 meters long, it has a capacity of 174,000 cubic meters of LNG and a dual-fuel electric propulsion system. The ship will sail in the route from Australia to China's coastal ports, with a total annual traffic of more than 1 million tons.

Sinopec, will use Eni's EST technology, aiming to convert refining residues entirely into high-quality light products, minimizing, at the same time, liquid and solid refining residues with important environmental benefits.