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Sinopec Maoming Company announces first LSFO bunker cargo

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Production and export of LSFO aimed at reducing inventory of HFO and increasing profits, reports Sinopec News Network.
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Guandong-based Sinopec Maoming Refining and Chemical Company on Friday (28 February) announced the loading of its first LSFO bunker cargo at Tianyuan Terminal for export at an earlier date, according to Sinopec News Network, the company’s official news agency.

2,721 metric tonnes (mt) of LSFO was loaded on board tanker 朝阳502 (Chao Yang 502) on 14 February, making Sinopec Maoming the first within the company’s network to produce LSFO via blending, it said. 

The LSFO cargo was later accepted into an export warehouse and bunkered onto international ships on 18 February. The first bunkering volume totaled 90 metric tonnes (mt).

The company aims to scale down its heavy fuel oil inventory with the production and export of LSFO; and being a high value product, increase Sinopec’s profitability. 

 

Photo credit: Sinopec
Published: 2 March, 2020.  

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