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Asia/Pacific

Supercritical Solutions, HAMR Energy receive funding for renewable methanol plant project

Jericho Energy Ventures announced that its portfolio company, Supercritical Solutions and HAMR Energy have been awarded nearly AUD $1-MM in funding from the Australia-UK Renewable Hydrogen Innovation Partnership.

Singapore middle distillates stocks slip on rising jet fuel/kerosene exports

Singapore's middle distillates inventories fell by more than 100,000 bbls in the week ended May 29 amid higher net jet fuel/kerosene exports, though diesel/gasoil net exports declined.

Russia's Tuapse oil refinery remains idle after May 17 drone attack

Rosneft's Black Sea oil refinery in Tuapse may remain idle until at least mid-June, despite being repaired after a May 17 drone attack, due to low profitability.

Indian refiner-Reliance-to buy Russian oil in roubles

India's Reliance Industries Ltd., operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbls of oil/month in roubles.

Indonesia's Pertamina conducting gasoline tender for June

Indonesia's Pertamina is conducting a tender to procure 98-octane gasoline for June, an official at procurement subsidiary Pertamina Patra Niaga said.

X-Press Feeders' vessel is the first green methanol refueling in the Port of Singapore

X-Press Feeders, along with the Maritime and Port Authority of Singapore and PSA Singapore, achieved a historic milestone towards sustainable shipping with the arrival in Singapore and successful refueling of X-Press Feeders’ first dual-fuel vessel. This vessel, the first to dock and refuel with green methanol in the Port of Singapore, underlines the nation's commitment to supporting the transition to renewable fuels in the global maritime industry.

China plans CO2 emission cuts in key sectors by 1% of 2023 level

China aims to reduce the carbon dioxide (CO2) emissions of key industries by an amount equivalent to about 1% of the 2023 national total through efficiency gains in everything from petrochemicals, steel production and transportation.

Neste enables Vietnam Airlines’ first flight using sustainable aviation fuel

Vietnam Airlines, the flag carrier airline of Vietnam, has operated its first flight using Neste MY Sustainable Aviation Fuel.

NYK Bulkship (Asia) commences first shipment of sustainable aviation fuel

On May 25, NYK Bulkship (Asia) Pte. Ltd. (NBAsia) commenced its first shipment of sustainable aviation fuel (SAF). The SAF left Singapore on an MR-type product tanker and will be unloaded at the port of Los Angeles and San Francisco (U.S.) and delivered to the airports in the region.

India's Reliance signs 1-yr deal to buy Russian oil in roubles

India's Reliance Industries, operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbl of oil a month in roubles.