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Asia/Pacific

Large explosion in Taiwan's CPC Dalin oil refinery, no injuries

Fire was seen raging above the plant and thick smoke billowed into the sky above for more than an hour.

China's diesel fuel exports more than doubled in September

China's diesel exports in September surged to their highest in more than a year while aviation fuel shipments were the most in 29 months as refiners rushed to cash in on robust export margins.

Technip Energies to perform FEED for gas plant associated with carbon capture in Malaysia

Technip Energies has been selected by PTTEP HK Offshore Ltd. to perform the Front-End Engineering Design (FEED) of the Lang Lebah Onshore Gas Plant 2 (OGP2) project located in Bintulu, Sarawak, in Malaysia.

U.S. imposes new sanctions on Iran oil exports, targets Chinese firms

The United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.

Axens pyrolysis gasoline unit successfully started-up at Hyundai Chemical petrochemical complex in South Korea

Axens and Hyundai Chemical Co. successfully achieve the start-up of the pyrolysis gasoline (Pygas) unit, part of the Hyundai Chemical petrochemical grassroots complex in Daesan, South Korea.

China's Sinopec starts first carbon capture, storage facility, plans another two by 2025

China's Sinopec said it has put into operation the country's largest carbon capture, utilization and storage facility in east China, and plans to build two more plants of similar size by 2025.

Baker Hughes opens new chemicals facility in Singapore

Baker Hughes is expanding its presence in Asia by opening a new oilfield services chemicals manufacturing facility in Singapore, enabling manufacturing optimization and faster delivery of fit-for-purpose chemical solutions.

Impact of strike by South Korean truckers on autos, steel, petrochemicals, others

Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain.

Global refiners falter in efforts to keep up with demand

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka.

Gasoline, diesel vehicles dominate India's auto market, EVs lag (1)

India's road transport minister on Tuesday warned local and foreign automakers to either cut production of polluting diesel vehicles or face higher taxes and levies, setting alarm bells ringing in the world's third-largest car market.