Asia/Pacific
Malaysia to monitor changes in EU curbs on palm biofuel after WTO ruling
Malaysia said it will closely monitor how the EU responds to a WTO ruling that supported the bloc's stance that biofuels causing deforestation cannot be regarded as renewables, but sought changes in how it implemented that decision.
Linde Engineering to supply ASU and nitrogen wash unit to Australia’s largest urea plant
Linde Engineering has signed a contract for the engineering and procurement of an air separation unit and a nitrogen wash unit for a urea plant in Karratha, Western Australia.
Montfort in talks with Sinopec for UAE fuel oil facility sale
Geneva-based trading house Montfort Group is in discussion to sell part or all of its refining facility in the UAE to the fuel oil arm of Chinese state giant Sinopec Corp.
Low volumes and profits herald soft Asia diesel market
Asia's exports of diesel slumped to a multi-year low in February, and while volumes may recover in March on rising shipments from China and India, it's likely prices will come under further downward pressure.
Thailand-based petrochemical company Indorama Ventures aims to sell assets, list businesses
Thailand-based petrochemical company Indorama Ventures plans to shift away from debt-funded acquisitions and list its businesses to fund growth organically.
Shrinking global palm oil supplies, strong biodiesel demand to boost prices
Stagnating global palm oil production and higher biodiesel mandates are likely to curb supplies of the world's most used vegetable oil this year, setting the stage for further gains in prices, which are trading at their highest in seven months.
Malaysian 2024 biofuel output could rise if B20 biodiesel usage expanded
Malaysia's biodiesel production could rise to 1.8 MMt in 2024 if the government expands its 20% biodiesel mandatory program to more areas in the country.
Copenhagen Infrastructure Partners announces investments and agreements with LOTTE Chemical Corporation
The memorandum of understanding between CIP and LOTTE is intended to support collaboration on clean ammonia projects.
Crude oil processing in China hit a record high in 2023
Crude oil processing, or refinery runs, in China averaged 14.8 MM bpd in 2023, an all-time high record processing, which came as the economy and refinery capacity grew in China following the country’s COVID-19 pandemic responses in 2022.
Indorama Ventures adapts business strategy amid global chemical industry structural changes
Indorama Ventures Public Company Limited, a global sustainable chemical producer, unveiled a significant evolution in its business strategy and outlined how major structural shifts are re-shaping the chemical industry, creating opportunities for the company to emerge stronger from the current downturn and benefit from its unique global model in the longer term.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
