Under the new quotas, 1 million tonnes of LSFO can be exported while 1.579 million tonnes of refined fuels can be shipped, according to the source and the document issued by the Ministry of Commerce.

The new issue brings this year’s total permits for refined fuel exports to about 38.6 million tonnes, down one-third from last year’s quotas.

The document did not break down the specific products allowed to be exported under the refined fuel quotas, which normally cover diesel, gasoline and jet fuel.

The new LSFO quotas raise the total allowances for LSFO to 12 million tonnes for 2021, up from 10 million tonnes last year.

The refined fuel quotas were issued to state-run China National Petroleum Corp (CNPC), China Petroleum & Chemical Corp (Sinopec) and Sinochem Group, as well as private refiner Zhejiang Petrochemical Corp, the document shows.

The LSFO quotas were allotted to CNPC, Sinopec and CNOOC.

China’s Ministry of Commerce did not immediately respond to a request for comment.

The table below gives details of the third batch of LSFO and refined fuel export quotas for 2021. Figures are in tonnes.

Source: www.marinelink.com

Image: www.pexel.com

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The biofuel, produced from feedstocks, such as used cooking oil, tallow and waste animal fats, will be used on board the 37,000 dwt chemical tanker Stolt Inspiration on its journeys between Rotterdam to Houston.

“This is just one of the areas that we are exploring as the industry moves towards a carbon-neutral future. We are committed to working with other leaders to explore innovative technologies including biofuels, hydrogen, wind, ammonia and methanol, to reduce our environmental footprint,” said Lucas Vos, president of Stolt Tankers. Bunkering for the trial was completed at the end of last week at the Port of Rotterdam. The fuel is said to have the potential to deliver a well-to-exhaust CO2 reduction up to 90% compared to fossil fuel equivalents.

Isabel Welten, CCO at GoodFuels, added: “We believe passionately in the tanker segment’s sustainability vision, and we’re proving that advanced biofuels can have an immediate impact in reducing emissions. By supplying a credible low-carbon alternative to Stolt Tankers, together we’re marking another vital step towards advancing the uptake of marine biofuels while also supporting the wider maritime industry in meeting its decarbonisation goals.”
Stolt Tankers aims to reduce greenhouse gas emissions in line with the IMO’s targeted cut of at least 50% by 2050 compared to 2008 levels.

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Image by Chokniti Khongchum from Pixabay

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