Sinopec Guangzhou Starts LSFO Exports
This week, Sinopec Guangzhou Company completed the LSFO export process recently with the help of Sinopec South China Marketing Company. A total of 102kt of low sulfur bunker fuel with total value of 44.07 million US dollars was exported by Sinopec Guangzhou Company. This helps to improve Sinopec’s international position in the fuel oil market.
With the implementation of the fuel oil export tax rebate policy, Sinopec South China Marketing Company earnestly analyzed export policies, quickly sorted out and optimized business processes, and actively coordinated the customs to give priority to the application of hazardous chemical identification reports. Through the formalities, the export business of low-sulfur bonded marine fuel oil has been vigorously carried out, which created good economic benefits, and promoted the development of a series of industrial chains such as bonded ship fuel oil refueling, ship accessories, and marine materials of related enterprises.
