Asia/Pacific
Singapore offers carbon tax rebates for refiners near term
Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere.
Thailand BOI approves $1.5-B investment in biochemicals, data centers, power plants, hospital
The Thailand Board of Investment (BOI) has approved the investment promotion applications of eight large projects worth a combined 56.95 B baht ($1.54 B), including a bio-ethylene plant project by the local joint venture of Brazil’s Braskem, as well as data centers, power plants, and a major new hospital.
China continues to lift crude oil stockpiling amid weak refinery runs
The world's biggest crude importer has had a soft start to the year. China added more than 1 MMbpd of crude oil to stockpiles in May as soft imports were outweighed by even weaker refinery processing volumes.
Russia's June idle oil refining capacity raised by 114%
Russia's primary offline oil refining capacity has been raised by 114% from the previous plan to 4.1 million metric tons for June mainly to due to last-month stoppages at the Tuapse and Komsomoslk plants.
Neste supplying SAF to Emirates for flights from Singapore Changi Airport
Neste is supplying sustainable aviation fuel (SAF) to Emirates for flights departing from Singapore Changi Airport. With this, Emirates becomes the first international visiting carrier using SAF supplied at the airport from Neste’s Singapore refinery.
Nuberg EPC wins hydrogen peroxide plant for PT Sulfindo Adiusaha, Indonesia
Nuberg EPC, a leading global engineering, procurement and construction (EPC) company specializing in the chemical industry, has announced a collaboration with PT Hidrogen Peroxida Indonesia on a landmark project in Jakarta.
Saudi crude oil exports to China to fall for 3rd straight month in July
Saudi crude oil exports to China will fall in July for a 3rd straight month to about 36 MMbbl amid plant maintenance and as some refiners opted for other sources of cheaper oil.
India eyes oil deals with nations (including Russia), plans new refinery
Indian Oil Minister Hardeep Singh Puri has announced that state-run Bharat Petroleum Corp. plans to build a new refinery and the nation is looking at signing more oil import deals with countries (including Russia) at discounted rates.
Singapore to receive its first fuel oil cargo exported from Nigeria's Dangote refinery
Singapore, Asia's oil hub, will be receiving this week its first low-sulfur straight-run (LSSR) fuel oil cargo exported from Nigeria's new Dangote refinery.
Red Sea ships attacks push 47% more crude oil, fuels, refined products around Africa
Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West are up 47% since attacks began on vessels using the shorter Red Sea route.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
