Asia/Pacific
Japan will mitigate potential gasoline price spike, prime minister says
Japanese Prime Minister Shigeru Ishiba said the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26.
PETRONAS Lubricants India secures aftermarket service fill contract from Mahindra Automotive Division
PETRONAS Lubricants (India) Pvt. Ltd. (PLIPL), a subsidiary of PETRONAS Lubricants International (PLI), has been awarded the aftermarket service fill contract by Mahindra & Mahindra Ltd. (Mahindra), India's leading SUV manufacturer, strengthening its footprint in the country's automotive lubricant segment.
AVTL to develop ammonia terminal in Pipavav, India
In India, AVTL, will develop a brownfield ammonia terminal at the existing Pipavav location. The terminal will be the first independent ammonia storage terminal in India.
Chevron seeks buyers for 50% stake in Singapore refinery
U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina.
Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict
Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped.
Discounts deepen on Iranian oil in China as struggling teapots slow buying
Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices.
Asia-Pacific on course to become world’s largest CO2 shipping market
Vast distances between emitters and storage sites in Asia-Pacific (APAC) means the region is in line to become the world’s largest carbon dioxide (CO2) shipping market, according to a new CCUS report from global energy consultancy Xodus.
Australia: Roadmap launched for driving maritime decarbonization in the Pilbara
The Pilbara Ports ‘Clean Fuel Bunkering Hub’ outlines a strategic roadmap to establish a clean fuel bunkering hub in the region, enabling the use of alternative marine fuels such as ammonia.
U.S. EIA forecasts new export licensing requirements will reduce U.S. ethane exports
The U.S. EIA forecast U.S. ethane exports will decrease by 80,000 bpd this year and by 177,000 bpd in 2026 because of new licensing requirements U.S. exports of ethane to China.
Indian refiners cancel palm oil orders for July-September as prices surge
Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices.
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- Rohm awards NextChem feasibility study for PMMA-polymer chemical recycling plant project 12/16
- Westlake to rationalize certain North American chlorovinyl and styrene assets 12/16
- CMB.TECH invests in Chinese ammonia supply 12/16
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
