Asia/Pacific
Covestro expands production capacity for polycarbonate films in Thailand
Covestro plans to further increase its global production capacity for polycarbonate specialty films to meet the rising demand in the Asia-Pacific region and worldwide. The company has started building new extrusion lines at the Map Ta Phut Industrial Park in Thailand.
Asia-Pacific chemical processing industry expansion contributes to the shell and tube heat exchangers market
The expansion of the chemical processing industry is a notable factor contributing to the growth of the market in the Asia Pacific region. The region has a strong chemical processing sector, and the increasing demand for chemical products is driving the demand for heat exchangers, which are used to transfer heat in various chemical processing applications.
China's diesel exports could fall as refiners focus on domestic demand/filling reserves
China's diesel exports could fall to an eight-month low in March as refiners focus on meeting local demand and increasing domestic stockpiles ahead of planned overhauls at refineries.
Thailand cabinet extends tax cuts on diesel to help with cost of living
Thailand's cabinet agreed to extend an excise tax cut on diesel for another two months to July 20 to help reduce the costs of living.
Pengerang Energy Complex inks $102-B agreements for feedstock supply and product offtake
Pengerang Energy Complex (PEC) announced that it has signed key agreements with several blue-chip partners for the upcoming PEC, located within the dedicated Pengerang Integrated Petroleum Complex in Johor, Malaysia.
Indian fuel demand in February was the highest in 24 yr
India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.
S-Oil holds groundbreaking for $7-B Shaheen crude-to-chemicals complex
S-OIL held a groundbreaking ceremony for the capital-intensive Shaheen crude-to-chemicals complex in Ulsan, South Korea.
Indonesia's biodiesel policy, dry weather to keep palm oil prices elevated
Indonesia's biodiesel policy and the likely emergence of the El Nino weather pattern could further strain global inventories of the most used cooking oil, lifting prices later this year, leading industry officials and analysts said.
AWS unveils startups selected for the Clean Energy Accelerator 3.0 program
Amazon Web Services (AWS) announced the startups selected for the Clean Energy Accelerator 3.0. The program is designed to facilitate collaborations with mature startups developing breakthrough clean energy technologies.
Philippines rushes to contain oil spill from sunken fuel tanker
Environment and disaster authorities in the Philippines rushed to contain an oil spill on Friday from a sunken fuel tanker that has reached coastal towns on a large central island, warning of dangers to marine ecosystems if more oil leaks.
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
- TOYO develops MRF-Z Neo—A compact reactor optimized for small-scale green methanol production 7/3
- China's Shandong raises fuel oil import tax rebates for some refineries 7/3
- Executive Viewpoint: Heavy industry, light footprint—Helping the HPI run leaner and cleaner with AI 7/3
- Digital Feature: Flare system design—The importance of periodic evaluation of existing facilities 7/2
