SINOPEC Fuel Oil Sales Corporation Limited, a wholly-owned subsidiary of China Petroleum and Chemical Corporation (SINOPEC), has made history in the bunkering industry with its recent record-setting fuel oil supply. On March 14, 2025, the company completed the largest single bunkering operation in China, fueling the world’s first offshore Carbon Capture and Storage (CCS)-equipped floating production storage and offloading unit (FPSO), the “Excellence” vessel, with 8,549 tons of marine fuel oil at the Lvhuashan Anchorage in Shanghai. This unprecedented fueling volume further underscores SINOPEC Fuel Oil’s leadership and commitment to global maritime fueling.
Pioneering Sustainable Marine Fueling Solutions
The “Excellence” vessel, equipped with CCS technology, plays a crucial role in mitigating carbon emissions from offshore oil production. With an annual carbon offset capacity equivalent to 110,000 acres of forest, this vessel requires high-quality fuel to meet environmental standards. SINOPEC Fuel Oil’s ability to deliver such fuel seamlessly reflects its expertise and commitment to advancing sustainable fueling practices in the maritime industry.
Dedicated to Excellence and Global Growth
SINOPEC Fuel Oil is committed to delivering high-quality, efficient services to global maritime clients while expanding its operations and infrastructure. The company’s proactive approach to developing domestic onshore terminal sales, refining raw material supply operations, and coordinating international trade demonstrates its dedication to growth and innovation in the bunkering sector.
With a professional workforce and a commitment to excellence, SINOPEC Fuel Oil is poised to continue expanding its resources, networks, and brand to meet the evolving demands of the global bunkering industry.
A Vision for the Future of Marine Fueling
SINOPEC Fuel Oil’s impressive growth in bunkering volumes and market expansion places it at the forefront of the global marine fueling industry. As the company continues to enhance its infrastructure, strengthen its brand, and provide both high-quality fuel and efficient service, it is set to play a pivotal role in the continued development and modernization of China’s bunkering industry.
About SINOPEC Fuel Oil Sales Corporation Limited
SINOPEC Fuel Oil Sales Corporation Limited is a wholly-owned subsidiary of China Petroleum and Chemical Corporation (SINOPEC Corp.). The company was registered and incorporated on May 27, 2010, and is responsible for the unified operation and management of SINOPEC’s fuel oil business. With a focus on providing high-quality oil products and services to both domestic and international trading vessels, SINOPEC Fuel Oil is committed to becoming a world-class bunkering company.
Headquartered in Beijing, the company operates a network of seven branches across key locations in China—Tianjin, Shandong, Jiangsu, Shanghai, Zhejiang, Fujian, and Guangdong—as well as wholly-owned subsidiaries in Zhoushan (Zhejiang Province) and Singapore. The company also actively develops domestic onshore terminal sales, refining raw material supply operations, and coordinates international trade, with a total operating volume of 25 million tons and a sales scale of 120 billion RMB.
SINOPEC Fuel Oil has established a strong foundation for growth, with oil storage capacity of 2.1 million cubic meters and total assets under management amounting to 10 billion RMB. The company continues to expand its infrastructure, improve service quality, and build a professional, international workforce to support both domestic and international bunkering markets.
Source Sinopec Corp.