Asia/Pacific
India increases petcoke import tax in blow to US refiners
NEW DELHI (Reuters) — India has raised the effective import duty on petroleum coke to 10% from 2.5%, according to a government order, days after the government told a court it was in favor of curbing the use of the dirty-burning fuel.
S.Korea's Nov Iran crude oil imports fall to 5-month low
SEOUL (Reuters) — South Korea's Iranian crude oil imports in November dropped to the lowest level since June, due to reduced shipments from the Middle Eastern country to Asia affected by its production issues.
CTCI awarded contract for Petronas RAPID project
With years of cultivation and development in the Malaysia hydrocarbon market, CTCI contracted RAPID P1 RFCC Project of PETRONAS in 2014 with a contract value of $1 B.
Neste picks Singapore for new biofuel refinery
Neste's Board of Directors has decided that Neste's additional production capacity for renewable diesel, renewable aviation fuel and raw materials for various biochemical uses will be located in Singapore. The decision initiates technical design of the new production line, with the aim of a final investment decision by the end of 2018.
TOYO launches ‘digital fertilizer’ for Indonesian plant
Toyo Engineering Corporation (TOYO, President and CEO Kiyoshi Nakao) has developed and launched the first “digital fertilizer” for the fertilizer plant owned and operated by PT Pupuk Sriwidjaja Palembang (PUSRI) in Palembang in South Sumatra, Indonesia as a subsidiary of state-owned Indonesian fertilizer company, PT Pupuk Indonesia.
Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018
JAKARTA (Reuters) — Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018, the head of the state-owned company's procurement unit said on Tuesday.
South China chemical producer halts ammonia output as gas crisis deepens
BEIJING (Reuters) — A major Chinese chemical producer based in the southern province of Yunnan said it has halted production of synthetic ammonia and urea due to natural gas shortages as China's winter heating crisis deepens.
India gov't favors petcoke import ban, US would be biggest loser
NEW DELHI (Reuters) — India’s government is in favor of banning imports of petroleum coke to curb air pollution, according to a government affidavit filed with its top court, which could be a big blow to US refiners who export heavily to the country.
Hanwha Total petchem to invest $331 MM to boost polyethylene output
SEOUL (Reuters) — Hanwha Total Petrochemical Co Ltd said on Monday it plans to spend $331.29 MM on a new factory in South Korea to increase polyethylene output by 400 Mtpy by 2019.
Vietnam fuel distributors to shift to ethanol blend this week
HANOI (Reuters) — Vietnam's biggest fuel distributors said they would complete a shift to an ethanol-blended product by Friday as part of a government program to promote a more eco-friendly fuel.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
