Asia/Pacific
Philippines rushes to contain oil spill from sunken fuel tanker
Environment and disaster authorities in the Philippines rushed to contain an oil spill on Friday from a sunken fuel tanker that has reached coastal towns on a large central island, warning of dangers to marine ecosystems if more oil leaks.
Chinese diesel/gasoline exports continue to rise
China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilized their expanded yearly export quotas.
Vietnam's Long Son petrochemicals complex to start operations by mid-year
Long Son Petrochemicals will start commercial production at its petrochemical complex in southern Vietnam by mid-2023.
Indonesia trying to create palm oil benchmark price
Indonesia, the world's biggest palm oil exporter, plans to require crude palm oil exports to go through a futures exchange to create the country's own benchmark price.
Oil price rises on Chinese demand rebound
Oil rose on signs of a strong economic rebound in top crude importer China, but fears over the impact of potential increases to European interest rates kept prices from moving higher.
Editorial Comment: Juggling the increasing global demand for thermoplastics vs. reducing their environmental
If you were to review any forecast for global thermoplastics demand to 2050—high-density polyethylene (PE), low-density PE, polypropylene, polyvinyl chloride and polyethylene terephthalate, among others—chances are that you will see a steady rise in consumption.
Inpex to use BASF-JGC Corp.'s CO2 capture technology for large-scale blue H2/ammonia project
Inpex plans to utilize BASF and JGC Corp.'s HiPact CO2 capture technology in its Kashiwazaki Clean Hydrogen/Ammonia project.
CF Industries-Lotte sign MoU for clean ammonia offtake in South Korea
CF Industries announced that it has entered into a MoU with LOTTE CHEMICAL that will guide the companies in a joint exploration of clean ammonia production and long-term clean ammonia offtake into South Korea.
First SAF-fueled helicopter flight takes place in Australia
Neste, Airbus, Safran Engines and Microflite have jointly operated Australia’s first helicopter flights using sustainable aviation fuel (SAF).
How a ban on Russian crude affects EU's refining industry
A look at how a ban on Russian crude affects oil exports and the EU's refining industry
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