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Asia/Pacific

India's Reliance buys naphtha to feed growing domestic demand

SINGAPORE (Reuters) -- India's Reliance Industries has bought between 60,000 and 90,000 t of heavy full-range naphtha for March arrival to plug a supply gap due to its growing petrochemical capacity, industry sources with knowledge of the matter said on Tuesday.

Japan's JX says March crude refining to drop 5% y/y

TOKYO (Reuters) -- Japan's top oil refiner JX Nippon Oil & Energy Corp said on Tuesday it would refine 988,100 bpd of crude oil in March for domestic consumption.

Hyundai Oilbank buys S.Korea's first US Southern Green Canyon crude

SEOUL/SINGAPORE (Reuters) -- South Korean refiner Hyundai Oilbank has purchased a cargo of US Southern Green Canyon crude oil, the country's first import of the grade, three trade sources said on Tuesday.

KBR awarded revamp contract for Korean ethylene plant

HOUSTON -- KBR, Inc. announced it has been awarded a technology licensing and basic engineering design (LBED) revamp contract by LG Chem for its Ethylene Plant at Daesan, South Korea.

India's L&T awarded $165-MM contract from refiner Indian Oil Corp

NEW DELHI (Reuters) -- A unit of Indian engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, worth $165 million, it said in a statement on Saturday.

France's Engie starts global LPG desk to meet power demand, hedging needs

SINGAPORE (Reuters) -- France's international utility company Engie has started a global desk to trade liquefied petroleum gas (LPG) and plans to promote the fuel as a replacement for diesel in power generation, senior executives said on Thursday.

China January diesel exports up a third from last year

BEIJING (Reuters) -- China's January exports of diesel fuel rose 32.5% from a year earlier to 960,000 t, data from the Chinese General Administration of Customs showed.

Vietnam's new Nghi Son refinery expects to get first crude oil in May

HANOI (Reuters) -- Vietnam's new $7.5 billion Nghi Son oil refinery expects to take delivery of its first crude oil in May and to have its first products by the third quarter of the year, the company said on Thursday.

Jiangsu Sailboat petchem starts Honeywell UOP methanol-to-olefins unit

DES PLAINES, Ill. -- Honeywell announced that Jiangsu Sailboat Petrochemical Company, Ltd. started its UOP Advanced Methanol-to-Olefins (MTO) unit during a 10-day test to confirm successful operation. When the full unit goes on line, it will have an annual production capacity of 833,000 mtpy, making it the largest single-train MTO unit in the world.

Neutral Fuels pioneers dairy waste as new biofuel feedstock

Dubai – After two years of research into new ways to create biofuels, Neutral Fuels has become the first company to successfully use butter, cream and ghee waste as a feedstock for creating commercial biofuel.