State-owned Sinopec plans to supply low sulfur bunker fuel to 10 bonded bunker fuel ports in China and to over 50 bunkering ports across the globe in 2020 when it has 10 million mt/year production capacity for the fuel, the company said Wednesday. The refiner had said earlier that it planned to have 10 million mt/year of LSFO production capacity by 2020 across 10 selected refineries, although the actual output will depend on market factors, S&P Global Platts reported March 26. “We will fully meet demand from China’s bonded bunkering ports, followed by Singapore and Sri Lanka, which are key ports for Chinese-flagged international vessels,” Han Xueling, Deputy General Manager of Sinopec Fuel Oil Sales Co. said Wednesday at a conference in Zhoushan, one of the biggest bunkering ports in China. “China’s bunkering [demand] is […]