Sinopec launches world’s largest PV green hydrogen project

China Petroleum & Chemical Corporation or Sinopec yesterday launched virtually in the Chinese cities of Beijing, Urumqi and Kuqa, China’s first 10,000-ton photovoltaic (PV) green hydrogen pilot project. An estimated 485,000 tons of carbon dioxide emissions will be reduced per year upon completion of the project. The project is expected to be completed and put

Firm demand, lower output lift VLSFO market higher

Asia’s 0.5% very low-sulphur fuel oil (VLSFO) gained on Monday as firming utilities and bunkering demand for the fuel weighed on already tightening inventories, trade sources said. VLSFO output has declined recently as refiners switched to maximising production of higher value refined fuels amid soaring gasoil and gasoline refining margins. The VLSFO cash premium, front-month