Asia/Pacific
Evergreen Marine and X-Press Feeders sign MOA for green methanol shipping routes in Europe
Evergreen Marine Corporation has signed a MOA with X-Press Feeders to place its containers on X-Press Feeders’ new dual fuel green methanol vessels.
India resumes buying Russian Sokol oil after 2-month hiatus
India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February.
Singapore fuel oil inventories draw for second consecutive week
Singapore's onshore fuel oil inventories fell for a second straight week as an uptick in exports exceeded a climb in imports.
Mabanaft is granted $13 MM in funding for the construction of a new solar methanol plant in Australia
Together with Australian renewable energy company Vast, Mabanaft is assessing to build a demonstration plant with a capacity of around 7,500 tons of green methanol per year.
Grace licenses second UNIPOL polypropylene process technology reactor to China Coal Shaanxi Energy & Chemical Group Co., Ltd.
W.R. Grace & Co. announced that China Coal Shaanxi Energy & Chemical Group Co., Ltd. has expanded its license for Grace’s UNIPOL PP process technology, doubling its polypropylene production capacity from 300 to 600 kpy.
LanzaJet and Jet Zero partner for Australia's first ethanol-to-SAF plant
The agreement will progress the development of Project Ulysses, a North Queensland SAF project using LanzaJet’s alcohol-to-Jet technology, that converts the bioethanol into SAF and renewable diesel.
Indonesia's Pertamina to slash capacity at second-biggest refinery due to upgrade
Indonesia's state energy company Pertamina will reduce production capacity at its Balikpapan refinery starting in the third week of February as an upgrade of the facility advances.
Asia's gasoil east-west price spread at widest discount in over a year
Asia's gasoil front-month east-west price spread hit its widest discount in more than a year of almost $88 per metric ton on tightness in prompt Europe supply and high freight costs.
Oil little changed as demand concerns offset Middle East tensions
Oil futures were little changed as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems.
BASF to divest shares in its two JVs in Korla, China
As part of BASF’s global strategy for 1,4-butanediol (BDO), BASF has assessed the market environment and product carbon footprints of BDO and its downstream products from different production sites worldwide.
- MOL inaugurated its €1.3-B, 200,000-tpy polyol complex in Tiszaújváros, Hungary 5/15
- ExxonMobil completes annual maintenance at Joliet (U.S.) refinery 5/15
- China's CNCEC to build 300,000-bpd Al-Faw refinery in Iraq 5/15
- Itochu to buy green ammonia from HIVE's $5.9-B Coega facility 5/15
- Higher refinery costs could increase summer gasoline prices says US EIA 5/15
- Nextchem completes acquisition of GasConTec, adding new low-carbon hydrogen/methanol to portfolio 5/15