Asia/Pacific
Singapore fuel oil stockpiles slip to two-week low
Singapore's onshore fuel oil stockpiles eased to a two-week low on lower imports.
Sri Lanka minister says Sinopec to start work on refinery by June
The world's largest refiner, China's Sinopec, plans to start work on a refinery in Sri Lanka by June, the power minister said, advancing a project earmarked as the biggest investment in the crisis-hit island nation
Japan's Idemitsu, Mitsui Chemicals may consolidate ethylene plants in Chiba
Japanese oil refiner Idemitsu Kosan and Mitsui Chemicals plan to consolidate their ethylene complexes in Chiba near Tokyo as the industry is under pressure from competition with China.
Nozomi Networks extends partnership with Yokogawa to deliver OT and IoT security services worldwide
Nozomi Networks Inc. announced it has extended its partnership with Yokogawa Electric Corporation, to address global demand for managed security services and solutions designed to holistically satisfy the unique OT and IoT cybersecurity requirements of process manufacturers.
Dow introduces new polyolefin elastomer-based leather alternative for the automotive market
Dow has formulated a breakthrough option of polyolefin elastomers based artificial leather - a solution to address the automotive industry’s need to shift towards increasingly animal-free product alternatives to leather.
Vietnam's largest refinery to boost operating capacity by 15%-20%
Vietnam's largest refinery Nghi Son said it will boost its operating capacity by 15% to 20% in order to ensure stable supplies.
Sinopec, Total to build 230,000 ton SAF plant
The companies will jointly build and operate a SAF unit at one of Sinopec's refineries in China, with an annual production capacity of 230,000 mtpy.
Cathay Pacific elevates decarbonizing aviation with new SAF target
Cathay has further demonstrated its unwavering dedication to decarbonizing the aviation industry, setting a new target to improve its carbon intensity by 12% from the 2019 level by 2030 using SAF.
JERA, ExxonMobil to explore development of hydrogen and ammonia production project in U.S.
JERA, Japan's top power generator, said it has agreed with ExxonMobil to jointly explore the development of a U.S.-based low-carbon hydrogen and ammonia production project.
PetroChina's 2023 net income up 8.3% on strong fuel, gas sales
PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.
- OCI Global completes $1.9-B sale of OCI Methanol to Methanex Corporation 6/30
- Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative 6/30
- Lloyd’s Register signs strategic collaboration with DAI Infrastruktur for green ammonia Project Ra 6/30
- Alleima expands product portfolio for the urea industry with SAF™ 2906 6/30
- UK's Lindsey oil refinery insolvent, 420 jobs at risk 6/30
- Irving Oil reports normal operations after fire at Saint John refinery (Canada) 6/30
