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China’s reliance on locally produced LSFO to rise as Beijing lifts export quota for 2022

September 14, 2022 Comments Off

Chinese marine fuel suppliers are set to increase reliance on domestically produced low sulfur fuel oil for bonded bunkering after Beijing lifted export quota allocations by 31.7% year on year to 15 million mt for 2022 on Sept. 9, helping Zhoushan to grow as a regional bunkering hub, refiners and analysts said Sept. 13. The increase in allocation stems from…