Asia/Pacific
JXTG Nippon selects AspenTech supply chain software
BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that JXTG Nippon Oil and Energy, the largest oil company in Japan, has selected the company’s aspenONE Petroleum Supply Chain software as its preferred optimization solution for economic and operational planning.
ADNOC finalizes 2018 gasoil, jet fuel term with at least 1 buyer
SINGAPORE (Reuters) — Abu Dhabi National Oil Company (ADNOC) has finalized its 2018 gasoil and jet fuel supply term contracts with at least one buyer, five traders that participate in the market said on Wednesday.
Oil slips on OPEC deal uncertainty and rising US inventories
LONDON (Reuters) — Oil prices slipped on Wednesday as doubts set in about Russia's willingness to substantially extend a deal among some of the world's biggest exporters to curb output to help tackle global oversupply and support prices.
US ethanol makers call on Mexico, India to reduce biofuel glut
CHICAGO (Reuters) — US ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers.
China state companies reach for new markets as 2017 diesel exports surge
SINGAPORE (Reuters) — Chinese state companies are shipping diesel to new buyers in the Middle East and Latin America as exports of the fuel head towards a record, and independent refiners could help raise the outbound sales even higher next year, multiple sources said.
Grace licenses polypropylene process technology to KIPIC, Sinochem
COLUMBIA, MD. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL PP process technology to Kuwait Integrated Petroleum Industries Company (KIPIC) for the integrated petrochemical complex at its Al-Zour refinery and Sinochem Quanzhou Petrochemical Co., Ltd. for a 1-MMtpy ethylene cracker and refinery expansion project at its facility in Quanzhou, Fujian province, China.
TOYO awarded naphtha cracking furnace expansion project in Japan
Toyo Engineering Corporation (TOYO) was awarded a project to construct a naphtha cracking furnace of Tosoh Corporation for producing ethylene at its Yokkaichi Complex in October. TOYO had participated in this construction project from an early stage.
Thai Oil's refinery to produce only clean fuels from 2022
SINGAPORE/BANGKOK (Reuters) — Thailand’s largest refiner Thai Oil PCL will stop producing fuel oil from 2022 once it completes a $4-B upgrade that will boost output of clean fuels, officials said.
China independent refiners group applied for 2018 fuel export quotas
SHANGHAI (Reuters) — A newly formed group of China's independent oil refiners filed an application with the country's Ministry of Commerce on Wednesday for fuel export quotas next year, a source with one of the group's member companies said on Thursday.
China diesel in rare rally as smog war, tax fears stir supply worries
BEIJING (Reuters) — A rally in China's diesel prices has pushed the fuel to a rare premium over gasoline as dealers scramble to scoop up supplies amid fears of shortages due to Beijing's war on smog and possible tax changes.
- 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
