Asia/Pacific
QatarEnergy enters into a 10-yr naphtha supply agreement with Japan's Idemitsu Kosan
QatarEnergy has entered into a long-term agreement to supply Idemitsu Kosan Co. Ltd with a total of up to 6 MMt of naphtha to be delivered to Japan over 10 yr starting in July 2024.
Singapore's middle distillates stocks edge up as net exports dip
Singapore's middle distillates stockpiles edged up 0.4% this week, tracking lower net exports of diesel/gasoil and jet fuel/kerosene and continuing imports from key regions such as China, India and Saudi Arabia.
Asia high-sulfur fuel oil market to take a breather in strong rally
A rally in Asia's high-sulfur fuel oil (HSFO) market, boosted by lower Middle East exports and OPEC+ cuts, is expected to take a breather as Russian exports remain elevated and will ease tight supply.
Taiwan's Formosa plans June run cuts due to weak refining margins
Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.
Stamicarbon awarded process design package for mega-scale urea plant in China
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary Stamicarbon, has been selected by Qinghai Yuntianhua International Fertilizer Co., Ltd. to provide the process design package for the revamping of a dual-line urea plant in Qinghai Province, China, with a capacity of over 1,200 tpd each.
BASF to expand polyamide and polybutylene terephthalate capacities in India
BASF India Ltd. will increase the production capacity of its Ultramid® polyamide (PA) and Ultradur® polybutylene terephthalate (PBT) compounding plant in Panoli, Gujarat and Thane, Maharashtra, India.
KBR, Sumitomo form technology licensing alliance for sustainable propylene oxide production
KBR and Sumitomo Chemical announced that they have signed an alliance agreement to make KBR an exclusive licensing partner for Sumitomo Chemical's state-of-the-art propylene oxide by cumene (POC) technology.
Czech Republic to end Russian oil use in first half of 2025
The Czech Republic will end its use of Russian oil no later than the first half of 2025 as state pipeline firm MERO completes a capacity upgrade on the Transalpine Pipeline (TAL).
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
Two killed in Lukoil refinery fire in northwestern Russia
A fire on Sunday at an oil refinery owned by Lukoil in Russia's Komi Republic region killed two people and left another seriously injured.
- 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
