Commodities

China's Hengli wins licence to supply jet fuel for commercial use

Hengli Petrochemical Co has become the first private refiner to win approval from China's civil aviation authority to supply jet fuel for commercial use, it said on Tuesday, a first step towards selling the product overseas.

Adds background

BEIJING, Oct 22 (Reuters) - Hengli Petrochemical Co 600346.SS has become the first private refiner to win approval from China's civil aviation authority to supply jet fuel for commercial use, it said on Tuesday, a first step towards selling the product overseas.

Hengli has long aimed to be China's first private exporter of jet fuel, but the authorities had held off granting approval to private refiners to export refined oil products.

In August, the company, which submitted its fuel exports application months ago, sold its first jet fuel cargo for export through a state-owned firm, bypassing Beijing's export quota restriction.

Civil Aviation Administration of China (CAAC) did not immediately respond to Reuters' request seeking for comment.

Based in northeastern province of Liaoning, Hengli launched a mega refining plant with crude oil processing capacity of 400,000 barrels per day (bpd) in late May.

(Reporting by Muyu Xu and Dominique Patton; Editing by Edmund Blair and Jan Harvey)

((muyu.xu@thomsonreuters.com; +86 010 66271298;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Commodities Videos

    What the Colonial Pipeline Hack Means for Fuel Supplies

    Fuel traders are working to avoid gasoline and diesel supply shortages on the East Coast of the United States following a ransomware attack Friday on Colonial Pipeline Co. Bloomberg’s Javier Blas reports.

    2 days ago

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More