Asia/Pacific
China oil demand growth poised to slow to around 4% in H1 2024
China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.
Singapore's middle distillates dip slightly amid surging exports
Singapore's middle distillates inventories fell marginally week-on-week as net exports of both gasoil and jet fuel/kerosene grew.
Japanese companies and Petronas to develop CCS project offshore Malaysia
Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas which should start holding its first carbon dioxide (CO2) emissions from end-2028.
Maersk to buy 500,000 tpy of bio-methanol/e-methanol from China's Goldwind
Danish shipping group Maersk has agreed to buy 500,000 tpy of bio-methanol and e-methanol from China's Goldwind starting in 2026.
China plans pilot projects to boost use of biodiesel
China will launch a series of pilot projects to spur domestic production and consumption of biodiesel, according to the National Energy Administration.
Indonesia's Pertamina expects Balikpapan refinery expansion in 2024
Pertamina expects to complete the capacity upgrade at its Balikpapan refinery in April next year. The project will see the facility's production increase by 100,000 bpd to 360,000 bpd.
Clariant’s catalyst chosen for Shenghong’s new world-scale biodegradable plastics project
Clariant announced that its SynDane 3142 LA catalyst will be used in Jiangsu Shenghong Petrochemical Co., Ltd's maleic anhydride production plant in Lianyungang, Jiangsu province, China.
thyssenkrupp to supply processing tech for Australian urea unit
thyssenkrupp Fertilizer Technology has signed a contract with Saipem to license a urea granulation unit in Karratha, Western Australia.
GS Caltex sells its first bio-marine gasoil bunker in Singapore
GS Caltex Singapore Pte Ltd sold its first cargo of biofuel-blended marine gasoil to Maersk Oil Trading in Singapore, as it seeks to expand into lower carbon fuels.
China October gasoline exports fall 20% on year, diesel shipments up
China's gasoline exports fell 20% in October from a year earlier, as domestic road travel surged during the Golden Week holiday. Jet fuel demand increased, as well.
- Shell flags chemicals and products unit loss, raising doubts over $3.5 B buyback 1/8
- Saudi's SABIC sells assets in Europe, Americas worth $950 MM 1/8
- Outokumpu to collaborate with Norsk e-Fuel to convert carbon side streams into eSAF 1/8
- Haffner Energy and IGNIS P2X launch bio/eSAF project AeroVerde in Spain 1/8
- Faerch advances circular packaging leadership with growing rPET volumes from Cirrec 1/8
- Aether Fuels receives millions of additional funding to accelerate SAF production in Singapore 1/8
