Asia/Pacific
Gunvor growing Asia operations, expanding into LPG, naphtha, gasoline, aromatics, power
Global energy trader Gunvor Group is growing its Asia operations to expand in existing markets such as liquefied petroleum gas (LPG), naphtha, gasoline and aromatics as well as into new areas including power.
Asia refining margins at lowest seasonal levels since 2020 as supplies grow
Asian refiners' margins slumped to their lowest seasonal levels since 2020 this week as supplies of diesel and gasoline rose after peak summer travel demand ended
Malaysia launches aviation decarbonization drive targeting net-zero emissions by 2050
Malaysia is targeting net-zero emissions in its aviation sector by 2050 through the launch of a decarbonization plan.
Singapore's middle distillates stocks rebound to more than 11 MMbbl
Singapore's middle distillates stockpiles climbed back above 11 MMbbl despite a rise in net exports for diesel/gasoil and jet fuel/kerosene.
Ethanol push turns India into corn importer, shaking up global market
A push by India to make more corn-based ethanol has turned Asia's top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains.
Indorama Ventures, Dhunseri and Varun Beverages plan multiple cutting-edge recycling facilities in India
Indorama Ventures Public Co. Ltd., a global sustainable chemical producer, through its direct subsidiary IVL Dhunseri Petrochem Industries Ltd., and Dhunseri Ventures Ltd. have formed a joint venture (JV) with Varun Beverages Ltd., PepsiCo's second-largest bottling company globally outside the U.S., to establish several greenfield state-of-the-art polyethylene terephthalate (PET) recycling facilities in India.
Russia says Ukrainian drones target refinery, power plants near Moscow
Ukraine launched waves of drone attacks targeting power plants and a refinery near Moscow, sparking fires, while more than 150 drones were destroyed across other parts of the country.
South Korea plans mix of sustainable aviation fuel for international flights from 2027
South Korea aims to ensure all departing international flights use a mix of about 1% of sustainable aviation fuel (SAF) from 2027. The step aims to prepare for a carbon offset and reduction scheme that becomes mandatory for members of the International Civil Aviation Organization (ICAO) starting from that year.
India's Bharat Petroleum Corp. to boost integrated refining-petrochemical capacity by 2030
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next 5 yr-7yr to meet growing energy demand. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4%-5% and 7%-8% in the 'foreseeable future'.
Russian diesel output set to fall 7.5% m/m to 7 MM tonnes in August
Production of diesel in Russia could decline by around 7.5% in August from July to 7.1 metric MMt due to outages and maintenance work at refineries.
- 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
