Asia/Pacific
China's oil refinery output falls from a year ago for a seventh month
China's refinery throughput in October fell 4.6% from last year, down from year earlier for a seventh month, as plant closures offset the ramp up of a newly started complex and demand from holiday travel.
Neste and PCS to bring renewable solutions to Southeast Asia’s chemicals industry
Neste and Singapore-based essential chemicals company PCS Pte. Ltd. have launched a cooperation for the supply of renewable solutions to Southeast Asia’s chemicals industry.
Russian refineries cut oil runs due to losses, closures loom
At least three Russian refineries have had to halt processing or cut runs due to heavy losses amid export curbs, rising crude prices and high borrowing costs. The closures highlight the struggles of the Russian refining industry, which has been caught in the crosshairs of Ukrainian drone attacks, Western sanctions on Russia, which force refiners to sell fuel at a discount, as well as high interest rates.
Asia naphtha supply expected to remain tight over next two years
Naphtha is expected to remain in short supply in Asia over the next couple of years as more crackers come online and as demand for blending the fuel with gasoline rises.
India shaping up as refining hub, to rely on fossil fuels until 2040
India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri said.
Sinopec starts up 1.2-MMtpy ethylene complex in north China's Tianjin
The new 1.2-MMtpy ethylene complex in northern China, part of China's recent additions of large-scale petrochemical plants, is designed to provide 4 MMtpy of high-end chemical products and fine chemical feedstocks.
Japan refiners maintain profitability in H1, outperform Asian rivals
Net income at Japanese oil refiners fell in the first half of their fiscal year, but they maintained profitability and outperformed their South Korean rivals as strong domestic margins shielded them from a weak overseas market.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell
Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant's outgoing owner.
Fire at Indian Oil Corp's Mathura refinery injures eight
At least eight people were injured in a fire at the Indian Oil Corp's 8-metric MMtpy refinery in Mathura, Uttar Pradesh, late Tuesday.
- Vioneo awards Lummus polypropylene contract for world's first industrial scale fossil-free plastics from green methanol facility 8/19
- Research: Developing an energy-saving, carbon-capturing method for making ethylene glycol 8/19
- Emerson announced the release of its new Rosemount 3144S temperature transmitter 8/19
- Chinese refiners sweep up Russian oil after Indian demand falls 8/19
- Indonesia plans quick-to-build oil refineries for U.S. crude 8/19
- Russia's ultra low-sulfur diesel exports from Primorsk scheduled to rise in August 8/19
