Asia/Pacific

LG Chem shuts down 800,000-tpy Yeosu naphtha cracker

Refiners in India, elsewhere in Asia look to buy Iranian oil after U.S. waives sanctions

The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea, U.S. Treasury Secretary Scott Bessent said.

China's Sinopec will not buy Iranian oil, wants to tap state reserves

The world's largest refiner usually sources roughly half of its crude oil needs from the Middle East, making it particularly exposed to the near-closure of the Strait of Hormuz amid the U.S.-Israeli war on Iran.

South Korea to review restructuring plan for largest petrochemical complex

The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel

The Shipping Corporation of India Ltd. has signed a Shipbuilding contract at New Delhi with Mazagon Dock Shipbuilders Ltd for construction and delivery of one number methanol dual fuel platform supply vessel (PSV).

Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices

Fuel prices in Vietnam have surged since the U.S.-Israel war on Iran began three weeks ago, with gasoline prices up 50% and diesel prices rising 70%,

India’s Reliance buys about 155,000 bpd Russian oil after pause

The private refiner's overall imports in February rose marginally from last year to 1.37 MMbpd.

China's Sinochem cuts refinery runs, seeks prompt-delivery crude

Sinochem has also been trying to buy spot cargoes from bonded storage for prompt delivery to cover its "immediate" requirements for the 300,000-bpd Quanzhou plant.

Sumitomo Corporation, “K” LINE and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore

Sumitomo Corporation, Kawasaki Kisen Kaisha and NYK Bulkship (Asia) Pte. Ltd. (NYK Line) have entered into a MoU to jointly conduct a FEED study and explore the ownership of a new-build ammonia bunkering vessel for application in Singapore.

thyssenkrupp nucera to conduct FEED study for 260-MW green hydrogen project in India

thyssenkrupp nucera is expanding its role in the global H2 economy with a new front-end engineering design (FEED) study for a large-scale project in India.