Asia/Pacific
Indian Oil Corp says Gujarat refinery operations normal after benzene tank fire
Indian Oil Corp.'s Gujarat refinery operations were unaffected after a benzene storage tank caught fire on Monday.
India, Saudi Arabia top buyers of Russian VGO and fuel oil in October
India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October.
Russia to aid hurricane-hit Cuba with diesel fuel
Russia has pledged to provide Cuba with approximately 80,000 tons of diesel fuel worth $60 MM to assist the island nation in its energy crisis.
SABIC opens ULTEM™ resin manufacturing facility in Singapore
SABIC, a global diversified chemicals company, has officially launched its new $170-MM (S$220-MM) ULTEM™ resin manufacturing facility in Singapore, marking the company’s first advanced specialty chemical manufacturing facility in the region producing the high-performance thermoplastic, ULTEM™ resin.
Indonesia proposes increase in biodiesel mix to 50% in 2028
Indonesia's government is proposing to increase the mandatory blend of palm oil-based fuel in biodiesel to 50% in 2028, up from the present amount of 35%.
China's crude oil imports fall for sixth straight month on refinery closure
China's crude oil imports fell 9% in October, a sixth consecutive monthly year-on-year decline as a plant closure at a state oil refinery adds to weaker demand from independent refiners.
CB&I awarded contract by Viva Energy for terminal diesel tank replacement project in Melbourne
CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a sizeable ($10 MM–$50 MM) lump sum contract by Viva Energy for engineering, procurement and construction (EPC) of two 10ML diesel tanks and associated civil, structural, mechanical and piping works for its diesel tank replacement project, located in Newport, Melbourne, Australia.
Thai SCG halts operations at $5.4-B Vietnam petrochemical complex
Siam Cement Group said it has suspended commercial operation at its $5.4-B Long Son Petrochemicals complex in Vietnam after only one month due to "the chemicals' low margin".
Solvay licenses hydrogen peroxide process technology to North Huajin Refining and Petrochemical Company
Solvay will license its leading-edge hydrogen peroxide technology to North Huajin Refining and Petrochemical Company for the manufacturing of 300.000 tpy of propylene oxide in its Panjin (Liaoning Province, China) facility, with a planned launch in 2026.
South Korean refiners' losses deepen in 3Q, margins set to improve in 4Q
South Korean refiners reported on Monday sharp losses in the third quarter from oil refining, but expect their margins to recover in the fourth quarter with peak winter demand and refinery run cuts in Asia.
- 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
