PetroChina launches specialty fuels entity to move up value chain

Oct 13 (Reuters) — PetroChina, Asia's largest oil and gas producer, launched a new domestic marketing entity of specialty fuels and materials to move up the value chain, according to Chinese state energy group's in-house newspaper and a company website. The entity, PetroChina Specialty Fuels and Materials Co, was officially launched in Beijing on Monday The new firm procures and markets specialty products including bitumen, fuel oil, marine bunker, petroleum wax, petroleum coke, sulfur and ethylene tar The firm, initially established in 1997 that focused on fuel oil production and marketing, now specialises in procuring, marketing, product research as well as derivatives trading of the wider range of products (Reporting by Chen Aizhu, Editing by Louise Heavens) ((aizhu.chen@thomsonreuters.com)