Asia/Pacific
LanzaJet and Jet Zero partner for Australia's first ethanol-to-SAF plant
The agreement will progress the development of Project Ulysses, a North Queensland SAF project using LanzaJet’s alcohol-to-Jet technology, that converts the bioethanol into SAF and renewable diesel.
Indonesia's Pertamina to slash capacity at second-biggest refinery due to upgrade
Indonesia's state energy company Pertamina will reduce production capacity at its Balikpapan refinery starting in the third week of February as an upgrade of the facility advances.
Asia's gasoil east-west price spread at widest discount in over a year
Asia's gasoil front-month east-west price spread hit its widest discount in more than a year of almost $88 per metric ton on tightness in prompt Europe supply and high freight costs.
Oil little changed as demand concerns offset Middle East tensions
Oil futures were little changed as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems.
BASF to divest shares in its two JVs in Korla, China
As part of BASF’s global strategy for 1,4-butanediol (BDO), BASF has assessed the market environment and product carbon footprints of BDO and its downstream products from different production sites worldwide.
Singapore middle distillates stocks dip but remain above 7 MM bbls
Singapore's middle distillates stockpiles slipped slightly week-on-week as net exports of both diesel/gasoil and jet fuel/gasoil posted robust gains.
Japan's Cosmo expects around 90% refinery run rate in 2024-25
Japanese oil company Cosmo Energy Holdings expects its refinery run rate to hover around 90% in the business year starting in April as it plans maintenance shutdowns at its Chiba and Yokkaichi sites.
India will be world's biggest oil demand growth driver through 2030
India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from top importer China.
Woodside, Santos scrap talks on $52-B merger
Australia's Woodside Energy and Santos said they had ended talks to create a possible $52-B global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.
Aether Fuels & GTI Energy partner for sustainable aviation and shipping fuels
Aether Fuels and GTI Energy announced a partnership and global exclusive licensing agreement to commercialize a scalable and economical solution to produce sustainable fuels from low-value and abundant waste streams.
- Syensqo and Axens launch Argylium to accelerate Europe's solid-state battery breakthrough 1/6
- Samsung E&A breaks ground on 500,000-tpy ammonia facility in the U.S. 1/6
- Phillips 66 Limited agrees to acquire Lindsey Oil Refinery assets 1/5
- IIT Guwahati (India) develops sunlight-driven catalyst to convert carbon dioxide into methanol fuel 1/5
- PBF Energy provided an update on efforts to rebuild its Martinez refinery 1/5
- C2X to deliver 3.6 MM metric tons of carbon removal to Microsoft over 12 yrs 1/5
