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.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.