my country is a major producer of low-sulfur fuel oil (LSFO), and state-owned enterprises dominate the market.
According to different sulfur content, fuel oil can be divided into four categories: high sulfur fuel oil (HSFO), ultra-low sulfur fuel oil (ULSFO), very low sulfur fuel oil (VLSFO), and low sulfur fuel oil (LSFO). Low sulfur fuel oil (LSFO) refers to fuel oil with a sulfur content limit of 1%. Low-sulfur fuel is an…