Asia/Pacific
China's Yanchang seen doubling Russian oil purchases
China's state-controlled Shaanxi Yanchang Petroleum Group is expected to double its purchases of Russian ESPO blend this year to about one million metric tons, according to two sources familiar with the plant's operations.
INEOS and SINOPEC complete major petrochemicals deal in China
INEOS has completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024.
Axens will provide Vegan Technology to Haike Chemicals for its SAF project in China
Shandong Haike Chemical Co. Ltd, a Chinese refining and petrochemical company, has selected Axens’ Vegan technology to produce low carbon, cost competitive sustainable aviation fuel by retrofitting its existing assets.
Flag carrier Garuda Indonesia tests palm oil-blended jet fuel
Flag carrier Garuda Indonesia said it is testing jet fuel mixed with palm oil in the engines of one of its Boeing aircraft, amid efforts to cut emissions in the aviation sector.
Case study: Gas turbine generator fleet optimization
Cost reduction has always been an important focus for industrial plants to improve their bottom lines.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,050 active projects in the HPI.
Atlas Agro says Australia's Macquarie to invest $325 MM for fertilizer plants in U.S.
Fertilizer maker Atlas Agro Holding AG said that Australia-based Macquarie Group's asset management arm will invest $325 MM in the company and its affiliated project entities.
BASF, Huntsman, and Chinese partners agree to petrochemical deal in China
BASF and Huntsman together with their Chinese partner companies – Shanghai Hua Yi (Group Company), Sinopec Shanghai Gaoqiao Petrochemical Co., Ltd. and Shanghai Chlor-Alkali Chemical Co., Ltd. – announce the planned separation of their joint MDI (diphenylmethane diisocyanate) production at Shanghai Lianheng Isocyanate Co., Ltd. (SLIC).
Russia's ESPO blend crude prices to China soar on robust demand
Discounts for Russia's ESPO Blend crude arriving in China in September are at their narrowest in eight months on firm demand from Chinese independent refiners, trade sources said.
Vietnam to see lower crude oil output in 2021-2030
Vietnam is expected to see a decline in its annual crude oil and coal output during the rest of this decade, the Ministry of Industry and Trade said.
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- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
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