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Asia/Pacific

Australia’s Ampol to upgrade Lytton refinery, posts 1.1% rise in annual profit

Australia’s Ampol Ltd said it intends to upgrade its Lytton refinery located in Queensland to align its gasoline production quality to comply with the latest standards for both regular and premium gasoline grades.

Singapore to impose green fuel levy on flights from 2026

Travelers will need to bear the cost of the transition towards green jet fuel, Singapore's transport minister said as he announced the city state's plans for a levy on flight ticket prices as the aviation industry seeks a viable funding model.

Evergreen Marine and X-Press Feeders sign MOA for green methanol shipping routes in Europe

Evergreen Marine Corporation has signed a MOA with X-Press Feeders to place its containers on X-Press Feeders’ new dual fuel green methanol vessels.

India resumes buying Russian Sokol oil after 2-month hiatus

India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February.

Singapore fuel oil inventories draw for second consecutive week

Singapore's onshore fuel oil inventories fell for a second straight week as an uptick in exports exceeded a climb in imports.

Mabanaft is granted $13 MM in funding for the construction of a new solar methanol plant in Australia

Together with Australian renewable energy company Vast, Mabanaft is assessing to build a demonstration plant with a capacity of around 7,500 tons of green methanol per year.

Grace licenses second UNIPOL polypropylene process technology reactor to China Coal Shaanxi Energy & Chemical Group Co., Ltd.

W.R. Grace & Co. announced that China Coal Shaanxi Energy & Chemical Group Co., Ltd. has expanded its license for Grace’s UNIPOL PP process technology, doubling its polypropylene production capacity from 300 to 600 kpy.

LanzaJet and Jet Zero partner for Australia's first ethanol-to-SAF plant

The agreement will progress the development of Project Ulysses, a North Queensland SAF project using LanzaJet’s alcohol-to-Jet technology, that converts the bioethanol into SAF and renewable diesel.

Indonesia's Pertamina to slash capacity at second-biggest refinery due to upgrade

Indonesia's state energy company Pertamina will reduce production capacity at its Balikpapan refinery starting in the third week of February as an upgrade of the facility advances.

Asia's gasoil east-west price spread at widest discount in over a year

Asia's gasoil front-month east-west price spread hit its widest discount in more than a year of almost $88 per metric ton on tightness in prompt Europe supply and high freight costs.