Asia/Pacific
India set to unveil new biofuel policy in bid to cut oil, gas, coal imports -minister
NEW DELHI (Reuters) — India will soon announce a new policy to promote biofuels as part of efforts by the world's third-largest emitter of greenhouse gases to cut imports of fossil fuels like oil, gas and coal, a government minister said on Thursday.
Vietnam refinery operator plans $84 MM IPO, eyes 49% strategic sale
HANOI (Reuters) — Vietnam's sole refinery operator Binh Son Refining (BSR) plans to sell 4% of its shares in an initial public offering in November and to sell another 49% of its shares to strategic investors next year, its chairman said on Thursday.
Mammoet using three biggest cranes for Petronas RAPID project
For the first time three of Mammoet’s biggest cranes work at the same time to help realize an ambitious construction schedule for PETRONAS.
Sinopec, PetroChina oil assets unaffected by quake in China's Sichuan
BEIJING (Reuters) — Sinopec Corp said its oil storage facilities and petrol stations have not been affected by the earthquake that struck a remote and mountainous part of the province of Sichuan in southwestern China on Tuesday night.
S.Korea's SK Energy buys 1st US crude oil in move away from Middle East
ULSAN, South Korea (Reuters) — South Korea's top refiner SK Energy is buying its first-ever continental US crude oil shipment as producer club OPEC's output cuts raise MidEast prices, giving other suppliers a chance to compete for the world's juiciest oil market—Asia.
Quadrimex Chemical develops its activities in Asian refineries
Dedicated for more than 30 yr to niche chemical specialties, Quadrimex Chemical proved once again its expertise to deal with specific industrial issues through a tailor-made approach, the company said in a press release.
Russia's Rosneft plans to close Essar deal in coming days
MOSCOW (Reuters) — Russia's Rosneft plans to close the deal to buy a stake in India's refiner Essar Oil in the coming days, Pavel Fyodorov, Rosneft first vice-president, told a conference call on Tuesday.
Fluor awarded contract for Petronas isononanol chemical plant in Malaysia
IRVING, Texas — Fluor Corporation announced that it was awarded an engineering, procurement and construction management (EPCM) contract by Petronas Refinery and Petrochemical Corporation Sdn. Bhd. for an isononanol plant located in Pengerang, Johor, Malaysia. Fluor will book the undisclosed contract value in Q3 2017.
Saudi Arabia cuts crude oil allocations in Sept by more than its OPEC pledge
DUBAI/SINGAPORE (Reuters) — Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 bpd, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in a global supply glut.
Rinchem announces expansion of infrastructure in South Korea
ALBUQUERQUE, N.M. — Rinchem recently announced the expansion of its chemical distribution center in Pyeongtaek, South Korea.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
