Asia/Pacific
Automakers rush to meet surging China demand for long-range hybrids
Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world's largest auto market.
Aster Chemicals to bid for ExxonMobil's Singapore fuel stations
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for ExxonMobil's petrol stations in Singapore, as the refiner seeks retail fuel sales outlets.
Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026
Indian Oil Corp. plans to operate its Gujarat refinery in western India at an expanded capacity of 360,000 bpd by mid-2026, executive director Biplob Biswas said.
GS E&C, Amogy, HD Hyundai Infracore partner with South Korean city to advance ammonia-based power gen
Amogy, a provider of scalable and efficient ammonia-to-power solutions, has announced a collaboration with GS Engineering & Construction (GS E&C), HD Hyundai Infracore (HDI) and Pohang-si, the largest city in North Gyeongsang Province, South Korea, to deploy an ammonia-powered distributed power generation system.
Japan to lower gasoline prices and implement energy subsidies
Japanese Prime Minister Shigeru Ishiba said the government will slash gasoline prices by 10 yen ($0.0713) per liter from May 22 as part of measures to curb rising energy prices.
South Korea to implement smaller fuel tax cuts from May
Tax breaks will be extended until the end of June, with the rate adjusted to 10% for gasoline, from the current 15%, and that for diesel and liquefied petroleum gas butane to 15% from 23%.
First Japanese-developed and manufactured ammonia-fueled, two-stroke engine for maritime industry
Japan Engine Corp. (J-ENG) is developing a large, low-speed, ammonia-fueled, two-stroke engine under the “Green Innovation Fund Project: Next-generation Ship Development” of the New Energy and Industrial Technology Development Organization (NEDO).
India's Reliance imported 17.3% more Russian oil in March vs. Feb.
India's Reliance Industries, operator of the world's biggest refining complex, imported about 532,700 bpd of Russian oil in March, up 17.3% from February.
India, Saudi Arabia exploring joint refinery, petrochemical projects
India and Saudi Arabia are exploring joint projects in refineries and petrochemicals, Indian Prime Minister Narendra Modi told Arab News in an interview.
BASF completes divestment of shares in its two joint ventures in Korla, China
BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co. Ltd. and Markor Meiou Chemical (Xinjiang) Co. Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- BASF boosts refinery catalyst innovation with new R&D center in Attapulgus, Georgia (U.S.) 5/18
- Aster and Puraglobe sign MoU to bring world-leading re-refining technology to Asia 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
