Chinese state-run energy giant Sinopec has set a target of producing 10m tons of low sulphur fuel by 2020 to meet the growing market demand resulting from upcoming IMO regulations.
The company will expand the production capacity to 15m tons by 2023.
From Janaury 1, 2020, Sinopec will start supplying low sulphur fuel at all the major ports in China and cover supply ability at more than 50 key overseas ports.
Sinopec claims the commitment will contribute a sulphur oxide emissions reduction of 600,000 tons per year.
Sinopec launched a project for research and development of low sulphur marine fuel in 2017, with ten Sinopec refineries located in coastal cities expected to produce low sulphur marine fuel.