After the 2020 sulfur limit released by the IMO, the major oil companies 

in China have all set LFSO production plans and other corresponding 

measures. Market predicts that China’s production capacity for LSFO 

will reach 18.15 million metric tons in 2020, as a result of imminent trial 

production and facility modification by major refineries.

On June 5, 2019, Sinopec announced that its annual production 

capacity for low sulfur heavy marine fuels would reach 10 million metric 

tons in 2020 and over 15 million metric tons by 2023. Accordingly, 

Sinopec has made changes to ten subsidiary refineries in the Bohai 

Sea Rim, Yangtze River Delta, and South China. Likewise, in July 

2019 CNPC announced that it was preparing its refineries to produce a 

targeted 4 million metric tons of LSFO each year.

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