Asia/Pacific
Bureau Veritas, Samsung Heavy Industries partner to develop CCS solutions
Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, is partnering with Samsung Heavy Industries Co. Ltd. (SHI), a leading global shipbuilding and offshore engineering company, to develop floating carbon dioxide (CO2) storage units (FCSUs) and carbon capture and storage (CCS) projects in the Republic of Korea, with the aim to significantly reduce greenhouse gas (GHG) emissions.
Indonesia's higher biodiesel mandate rollout may be gradual, industry watchers say
Indonesia's plan to expand its biodiesel mandate from Jan. 1, which has fueled concerns it could curb global palm oil supplies, looks increasingly likely to be implemented gradually, analysts said, as industry participants seek a phase-in period.
Major Asian oil exporters close 2025 diesel sales at lower levels vs. 2024
Major northeast Asian oil exporters have mostly finalized their 2025 sales for 10-ppm sulfur diesel exports at lower levels from 2024, underscoring a bearish market outlook for a second straight year.
Russia's December idle oil refining capacity revised up 35%
Russia plans to take 1.48 MM tonnes (t) of refining capacity offline in December, up by 35% from a previous estimate but still below the 2.4 MMt in November.
China's gasoline exports surge in November ahead of tax rebate change
China's gasoline exports rebounded in November to the highest level since August 2023, as exporters rushed to sell products before a cut in tax rebates came into effect this month.
India's BPCL plans to expand refining capacity by 2028
India's Bharat Petroleum Corp. plans to expand its refining capacity to 45 MMtpy by 2028 from the current 35.3 MMtpy.
Singapore's ChemOne delays Pengerang complex's start to 2028
Singapore's ChemOne Group has delayed the start of its Pengerang Energy Complex to the fourth quarter of 2028, with construction set to begin by mid-2025, after securing more financing for the project. When completed, the site is expected to house a petrochemical facility that can produce up to 2.6 MMtpy of products such as paraxylene, a feedstock for synthetic fibers and plastic bottles, and 3 MMtpy of fuel products including jet fuel.
Clariant begins construction of second high performance additives production line in Cangzhou, China
Clariant is expanding its Cangzhou production site for the manufacture of the multifunctional additive Nylostab S-EED. The new, second production line in the Hebei Province of China, will jointly be owned and operated by Clariant and its local partner Beijing Tiangang Auxiliary Co., Ltd.
China Nov. refinery throughput rises for first time in eight months
China's refinery throughput in November recorded its first rise in eight months, official data showed on Monday, as Beijing's economic stimulus measures began to underpin manufacturing activity and oil demand.
Indonesia's renewable energy plans may put forests at risk
Environmentalists are warning that Indonesia's ambitious plans to achieve net-zero emissions by 2060 rely too heavily on biofuels and risk a new wave of deforestation in the world's third-largest rainforest.
- U.S. oil, biofuel group recommends 5.25 Bgal in biomass diesel mandates 4/11
- Ukraine will add bioethanol to petrol from May, seeks first imports from EU 4/11
- UN shipping agency strikes deal on fuel emissions, CO2 fees 4/11
- S&P analysis: Global refined product demand growth likely to weaken, absolute decline cannot be ruled out 4/11
- U.S. targets China oil storage terminal in new Iran-related sanctions 4/11
- Russia's Novatek plans condensate processing complex in Murmansk 4/11
