China’s ZPC restarts LSFO production in Feb with higher export quota: source

Chinese refining and petrochemical company Zhejiang Petroleum & Chemical, or ZPC, restarted production of low sulfur fuel oil in February after more than a year of suspension, with an output of about 50,000 mt, a company source said March 4. The Chinese government awarded 100,000 mt of LSFO quota to ZPC as the first batch for 2022, S&P Global Commodity…