Asia/Pacific
Asia high-sulfur fuel oil market to take a breather in strong rally
A rally in Asia's high-sulfur fuel oil (HSFO) market, boosted by lower Middle East exports and OPEC+ cuts, is expected to take a breather as Russian exports remain elevated and will ease tight supply.
Taiwan's Formosa plans June run cuts due to weak refining margins
Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.
Stamicarbon awarded process design package for mega-scale urea plant in China
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary Stamicarbon, has been selected by Qinghai Yuntianhua International Fertilizer Co., Ltd. to provide the process design package for the revamping of a dual-line urea plant in Qinghai Province, China, with a capacity of over 1,200 tpd each.
BASF to expand polyamide and polybutylene terephthalate capacities in India
BASF India Ltd. will increase the production capacity of its Ultramid® polyamide (PA) and Ultradur® polybutylene terephthalate (PBT) compounding plant in Panoli, Gujarat and Thane, Maharashtra, India.
KBR, Sumitomo form technology licensing alliance for sustainable propylene oxide production
KBR and Sumitomo Chemical announced that they have signed an alliance agreement to make KBR an exclusive licensing partner for Sumitomo Chemical's state-of-the-art propylene oxide by cumene (POC) technology.
Czech Republic to end Russian oil use in first half of 2025
The Czech Republic will end its use of Russian oil no later than the first half of 2025 as state pipeline firm MERO completes a capacity upgrade on the Transalpine Pipeline (TAL).
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
Two killed in Lukoil refinery fire in northwestern Russia
A fire on Sunday at an oil refinery owned by Lukoil in Russia's Komi Republic region killed two people and left another seriously injured.
Digital Feature: Can ships run on biofuel?
This article from ExxonMobil focuses on utilizing biofuels in the shipping sector.
Lukoil expects to restart damaged NORSI oil refinery units in June
Russian second-largest oil producer Lukoil plans to resume operations at its damaged CDU-6 primary unit and catalytic cracker at the NORSI oil refinery in June following maintenance.
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- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
