Asia/Pacific
China's new Yulong refinery runs crude unit at 60%–70%
China's latest greenfield refinery, Shandong Yulong Petrochemical, is running one of its two crude units at 60%–70%, as local government announced its official startup on Wednesday.
YECC awards ECI Group licensing contract for 150,000-tpy copolymer plant
ECI Group has signed a licensing agreement with Shaanxi Yanchang China Coal Yulin Energy & Chemical Co., Ltd. (YECC) to deliver a 150,000-tpy copolymer plant project, using ECI Group’s proprietary hybrid reactor technology.
Rio Tinto pilots Pongamia seed oil as a feedstock for renewable diesel
Rio Tinto will develop Pongamia seed farms in Australia as part of a new biofuels pilot. The project will explore the potential of Pongamia seed oil as a feedstock for renewable diesel.
Russia's Gazprom Neftekhim petrochemical plant announces major maintenance
Russia's Gazprom Neftekhim Salavat oil processing, petrochemical and fertilizer complex located in the Bashkortostan region has announced major maintenance.
LanzaTech signs MLA with SEKISUI to develop multiple commercial-scale waste-to-ethanol plants across Japan
LanzaTech Global has signed a Master License Agreement with SEKISUI CHEMICAL CO. to deploy, at commercial scale, a jointly developed platform that converts syngas derived from municipal solid waste and industrial solid waste into ethanol.
Chinese court declares another Sinochem refinery bankrupt
A Chinese court has declared bankrupt a third refinery owned by state oil and chemical group Sinochem, a court document showed. The Changyi city court also ended reorganization procedures at the refinery, Shandong Changyi Petrochemical.
China's newest refiner Yulong starts up crude unit
China's Shandong Yulong Petrochemical on Friday began starting up one of two new 200,000-bpd crude units in eastern China, marking the refinery's official launch after four years of construction.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Sinopec and Técnicas Reunidas JV awarded large petrochemical unit in Kazakhstan
A consortium led by KazMunayGas, Kazakhstan’s state-owned oil and gas company, has awarded the development of a steam cracker to a JV formed by the Chinese group Sinopec and the Spanish company Técnicas Reunidas.
RWE and AM Green Ammonia to supply up to 250,000 tpy of RFNBO-compliant ammonia from India
RWE Supply & Trading has signed a memorandum of understanding (MoU) with AM Green Ammonia B.V. (AMG) for the long-term supply of green ammonia from its plants based in India.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
