China will before the end of the year be self-sufficient in low-sulfur fuels, which ships have been required to use since the turn of the year, says a spokesperson for state-owned Chinese oil company Petrochina to Reuters.
In 2021, China will be able to produce 22.6 million tons of low-sulfur fuel, and this will grow to 29.6 million tons in 2022. This should be seen in light of the fact that China, before 2020, relied on importing a majority of the sought-after ship fuel from regional exporters such as Singapore and South Korea.
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