Asia/Pacific
China's first 2024 refined fuel export quotas flat vs. year ago
China has issued its first refined fuel export quotas for 2024 totaling 19 MMt, a volume unchanged from last year's and largely in line with market expectations.
India's Gujarat signs investment pacts worth $18.75 B with several firms
Companies across many sectors signed initial investment pacts totaling $18.75 B for projects they will build in India's western state of Gujarat, including green hydrogen and green ammonia facilities.
Asian refiners face diesel supply glut in 2024
Diesel supply in Asia is set to jump in 2024 fueled by new refineries in the Middle East and robust exports from China, and is likely to outpace the region's world-leading demand growth.
Singapore's middle distillates stocks little changed despite dip in net exports
Singapore's middle distillates stockpiles were little changed week-on-week, even as net exports of both gasoil/diesel and jet fuel/kerosene dipped for the first time in three weeks and two weeks, respectively.
Singapore's middle distillate stocks fell to a 4-mos low, as exports rise
Singapore's inventories of middle distillates fell further to a fresh 4-mos low of around 8 MMb, as net exports of both diesel/gasoil and jet fuel/kerosene rose.
EU to investigate Chinese biodiesel dumping allegation
The European Union said it would begin an anti-dumping investigation into biodiesel imports from China, which the bloc's industry says has slashed domestic production.
China's Nov diesel exports down 44.9% on last year despite weak domestic demand
China's diesel exports in November were down 44.9% on last year at 1.16 MMt, as domestic demand remains above pandemic levels but faces continued headwinds from the country's property slowdown.
Nextchem awarded licensing, process design and catalyst supply for biodegradable plastics intermediates in China
Maire announces that Nextchem, through its biodegradable plastics technology licensor CONSER, has been awarded technology licensing and catalyst supply by a prominent client, as part of a larger project located in Northwestern China.
Bain-backed biofuels refiner ties up with China firm to source feedstock
Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand.
India to allow diversion of up to 1.7 MMt of sugar for ethanol
India has decided to allow sugar mills to divert up to 1.7 MMt of sugar for ethanol production, as New Delhi aims to reduce disruptions in its ambitious biofuel program.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
