(Yicai Global) Jan. 24 -- A unit of China Petroleum & Chemical, a state-owned crude oil giant, has become the first Chinese firm to produce low sulphur fuel oil for ships. The combustible poses smaller impact on the environment than traditional marine fuels.
Sinopec Shanghai Petrochemical has shipped its first batch of low sulphur fuel oil for vessels on international routes to use, state-backed China News Agency reported yesterday.
The International Maritime Organization has stipulated that global ships must use marine fuel with a sulfur content no more than 0.5 percent by January 1, 2020, which is much lower than the current maximum of 3.5 percent.
Sinopec Shanghai Petrochemical is ready to promote the new product rapidly with the full advantage of Sinopec's industrial chain, the report added.
Editor: Emmi Laine