Asia/Pacific
NH3 Clean Energy, Pilbara Ports sign a MoU on ammonia shipment for WAH2 Project (Australia)
NH3 Clean Energy Limited signed a Memorandum of Understanding with The Pilbara Ports Authority, exploring the options for the loading and export of 600,000 tpy of clean ammonia from the company’s WAH2 Project.
Russia's Volgograd oil refinery partially recovers after drone attack
Russia's Volgograd oil refinery, which had halted operations following a Ukrainian drone attack on February 3, has partially resumed processing.
China’s crude oil imports decreased from a record as refinery activity slowed
Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 MMbpd in 2024, down from 11.3 MMbpd in 2023.
India gasoline demand to grow 6%–8% next fiscal year
Indian transportation fuel demand is expected to rise in the range of 6%–8% in fiscal year 2026, underpinned by rising vehicle sales, even as growth in Asian consumption lags growth in supply due to new refinery expansions in the region, industry executives and analysts said.
Kraton receives third ISCC PLUS certification for renewable polymers
Kraton Corp. and Formosa Petrochemical Corp. have announced the ISCC PLUS certification of their HSBC joint venture plant in Mailiao, Taiwan.
India's HPCL plans to raise Vizag oil refinery capacity by as much as 20%
State-run Hindustan Petroleum (HPCL) plans to increase the capacity of its Vizag oil refinery in southern India by as much as 20% to meet growing local fuel demand.
Russia's Saratov oil refinery suspends operations after drone attacks
Rosneft-owned oil refinery in the southern Russian city of Saratov has suspended fuel production for safety reasons after Ukrainian drone attacks on Tuesday, industry sources said, expecting the plant to resume operations in a day or two.
South Korean petrochemical firms' profits fall in 2024 as oversupply persists
South Korean petrochemical companies LG Chem and Lotte Chemical both suffered losses in 2024, dragged down by oversupply which is set to persist this year, while trade turmoil has dampened the global economic outlook
Russia's oil transit via Ukraine down 15% in 2024
Russia's oil transit through Ukraine's pipeline system declined by 15% in 2024 to 11.5 MM tonnes (t) (230,300 bpd).
Amogy expands operations to South Korea, strengthening regional presence with key stakeholders to advance its ammonia-to-power solutions
Amogy, a provider of mature, scalable and efficient ammonia-to-power solutions, announced the expansion of its operations into South Korea with the opening of an office in the Pangyo Techno Valley.
- Dow to close three European chemical plants, cut 800 jobs 7/10
- Indian Oil to upgrade Panipat refinery's diesel unit for green jet fuel production 7/10
- Nayara to use Univation Technologies' PE process for world-scale plant in India 7/10
- Gunvor plans to halt oil terminal activities at Europoort refinery 7/10
- EU to set up Critical Chemical Alliance to secure supply chains 7/10
- Greenergy proposes to close Immingham biodiesel plant in the UK 7/10
