PetroChina constructs 2.6 mil mt/year LSFO project at Guangdong Petrochemical

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China’s oil giant PetroChina has started constructing a low sulfur bunker fuel oil project with 2.6 million mt/year production capacity at its upcoming Guangdong Petrochemical, a company source told S&P Global Commodity Insights April 5. The project will further push up China’s LSFO production, which jumped 58.4% year on year to 2.27 million mt in January-February, according to data from…