Asia/Pacific
Yulong Petrochemical signs feedstock deal for its 400,000-bpd integrated complex with bp and Chevron
China's Yulong Petrochemical has signed memorandum of understanding agreements with bp and Chevron to supply its 400,000-bpd greenfield refinery in northern China.
CNPC shuffles regional offices to better support global portfolio
China's CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio.
Japanese ethylene production falls in January
Japanese ethylene production in January fell 4.8% from a year earlier to 482,600 tons.
Sinopec completes trial runs on 1-MMtpy Hainan province ethylene plant
China's Sinopec Corp. announced that it has completed trial runs at a 1-MMtpy ethylene plant in the southern Chinese province of Hainan.
Bangladesh needs $1 B to import fuel oil and avert an energy crises
Bangladesh's private power producers will need $1 B in foreign currency to import fuel oil and avert an energy crisis this summer.
Chinese refining utilization dropped in 2022: The first time since 2000
In 2022, Chinese refiners processed less crude oil than they did in 2021, which was the first year-over-year decrease in processing according to data going back to 2000.
China's crude oil imports to set a record in 2023
China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream.
China gasoline exports may hit 8-yr low in Feb on domestic demand recovery
China's February gasoline exports may fall a second straight month to hit their lowest in eight years as domestic consumption rebounds after the nation emerged from COVID lockdowns, likely buoying Asian refining margins.
Japan's Kobe Steel, JERA launch new power units
Energy-poor Japan is expanding its in cleaner fuels, such as ammonia and hydrogen, and is developing carbon capture projects, as it moves towards its goal to reach carbon neutrality by 2050, on par with other developed nations.
Japan's IHI to study converting LNG terminals into ammonia-based facilities
Japan's IHI Corp has started studies on possible conversion of LNG receiving and storage terminals located close to gas-fired power plants into ammonia-based facilities, it said on Wednesday.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
