Asia/Pacific
LanzaTech signs MLA with SEKISUI to develop multiple commercial-scale waste-to-ethanol plants across Japan
LanzaTech Global has signed a Master License Agreement with SEKISUI CHEMICAL CO. to deploy, at commercial scale, a jointly developed platform that converts syngas derived from municipal solid waste and industrial solid waste into ethanol.
Chinese court declares another Sinochem refinery bankrupt
A Chinese court has declared bankrupt a third refinery owned by state oil and chemical group Sinochem, a court document showed. The Changyi city court also ended reorganization procedures at the refinery, Shandong Changyi Petrochemical.
China's newest refiner Yulong starts up crude unit
China's Shandong Yulong Petrochemical on Friday began starting up one of two new 200,000-bpd crude units in eastern China, marking the refinery's official launch after four years of construction.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Sinopec and Técnicas Reunidas JV awarded large petrochemical unit in Kazakhstan
A consortium led by KazMunayGas, Kazakhstan’s state-owned oil and gas company, has awarded the development of a steam cracker to a JV formed by the Chinese group Sinopec and the Spanish company Técnicas Reunidas.
RWE and AM Green Ammonia to supply up to 250,000 tpy of RFNBO-compliant ammonia from India
RWE Supply & Trading has signed a memorandum of understanding (MoU) with AM Green Ammonia B.V. (AMG) for the long-term supply of green ammonia from its plants based in India.
Global consortium pioneers ammonia cargo transfer between ships at Australian port
Japan's Mitsui O.S.K. Lines, Norway's Yara and Singapore's Global Centre for Maritime Decarbonisation said they had jointly completed an ammonia cargo transfer operation in Australia that will pave the way for ammonia bunkering in the region.
Indian refiners jointly negotiating for 2025 Russian oil supplies
Indian refiners are jointly negotiating to purchase Russian oil for next year, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel (bbl) cap.
Singapore's middle distillates stocks dip for third week amid robust net exports
Singapore's middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports.
IOCL selects Univation's UNIPOL tech for Paradip petrochemical complex
Indian Oil Corporation Ltd. has selected Univation's UNIPOL™ PE process technology for a 650,000-tpy polyethylene line at IOCL's Paradip Petrochemical Complex site in Paradip, India.
- Neste, Braskem partner on supply of renewable and recycled feedstocks for polymers and chemicals production 10/23
- India's diesel consumption to rise 3%–4% in current fiscal year 10/23
- U.S. crude, gasoline inventories rise, distillates draw down 10/23
- Russia's Surgutneftegaz awards annual tender for diesel, fuel oil exports 10/23
- California expects the EPA to approve 2035 zero-emissions vehicle plan 10/23
- Russia ships rare naphtha and fuel oil cargoes to Indonesia 10/23
