Asia/Pacific
TFG Marine signs agreement with Consort Bunkers for four newbuild methanol carriage bunker tankers
TFG Marine, a leading international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has signed a long-term time charter agreement with Singapore-headquartered Consort Bunkers for four newbuild methanol carriage-ready bunker tankers.
India to boost refining capacity to 6.19 MMbpd by 2028
India's annual refining capacity is projected to rise by about a fifth to a 309.5 metric MMt equivalent to 6.19 MMbpd by 2028 to meet rising local fuel demand.
PETRONAS, Eni and Euglena reach FID to construct a biorefinery in Malaysia
Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A (a company directly controlled by Eni S.p.A.) and Euglena Co., Ltd. have reached the final investment decision (FID) to develop a biorefinery which will be located within PETRONAS’ Pengerang Integrated Complex (PIC), Johor, Malaysia.
WoodMac: LNG truck sales impacting Chinese road diesel demand
China’s sales of LNG-powered heavy-duty trucks rose from below 10% to reach as much as 30% of the market in the latter months of 2023, resulting in the displacement of over 8% of road diesel demand in the country.
Singapore shortlists two consortia for ammonia power and bunkering project
Singapore's Energy Market Authority and the Maritime and Port Authority of Singapore have shortlisted two consortia for the next proposal evaluation round of an ammonia power and bunkering project on Jurong Island.
Russia considering ban on diesel exports
The Russian government is considering a ban on exports of diesel due to rising domestic prices.
Taiwan's FPCC to restart Mailiao port operations on July 26
Taiwan oil major Formosa Petrochemical Corp. aims to restart operations at its port at the Mailiao refinery on July 26, after shutting down ahead of Typhoon Gaemi's arrival.
Borouge initiates feasibility study for 1.6-MMtpy polyolefins complex in China
Borouge announced plans to develop a 1.6-MMtpy specialty polyolefins complex in China, supporting the company's ambitions to reinforce its market position in Asia.
Clariant's MegaZonE catalyst delivers strong results in Chinese methanol plant
Clariant announced that its MegaZonE technology is delivering excellent performance in the 600,000-tpy methanol plant of CNOOC’s China Blue Chemical Ltd.
Russia: Tuapse oil refinery is still operating after Ukrainian drone strike
Russia's Tuapse oil refinery is still operating, Russian Deputy Prime Minister Alexander Novak said on Tuesday, a day after local authorities reported that the refinery had been damaged in a Ukrainian drone attack.
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