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BEIJING, Oct 22 (Reuters) – Hengli Petrochemical Co 600346.SS has grow to be the primary personal refiner to win approval from China’s civil aviation authority to provide jet gas for industrial use, it mentioned on Tuesday, a primary step in direction of promoting the product abroad.
Hengli has lengthy aimed to be China’s first personal exporter of jet gas, however the authorities had held off granting approval to non-public refiners to export refined oil merchandise.
In August, the corporate, which submitted its gas exports utility months in the past, offered its first jet gas cargo for export by means of a state-owned agency, bypassing Beijing’s export quota restriction.
Civil Aviation Administration of China (CAAC) didn’t instantly reply to Reuters’ request in search of for remark.
Based mostly in northeastern province of Liaoning, Hengli launched a mega refining plant with crude oil processing capability of 400,000 barrels per day (bpd) in late Could.
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